ALPS Active Equity Opportunity ETF (NYSEARCA:RFFC) Sees Significant Increase in Short Interest

ALPS Active Equity Opportunity ETF (NYSEARCA:RFFC) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 7,577 shares, an increase of 3,138.0% from the April 30th total of 234 shares. Approximately 1.9% of the shares of the company are sold short. Based on an average daily volume of 1,605 shares, the days-to-cover ratio is presently 4.7 days.

Hedge Funds Weigh In On ALPS Active Equity Opportunity ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Envestnet Asset Management Inc. lifted its holdings in shares of ALPS Active Equity Opportunity ETF by 10.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 11,057 shares of the company’s stock valued at $710,000 after buying an additional 1,016 shares during the period. Elevated Capital Advisors LLC acquired a new position in shares of ALPS Active Equity Opportunity ETF in the 4th quarter valued at about $163,000. Main Street Financial Solutions LLC acquired a new position in shares of ALPS Active Equity Opportunity ETF in the 2nd quarter valued at about $308,000. Arsenal Capital Advisors LLC acquired a new position in shares of ALPS Active Equity Opportunity ETF in the 4th quarter valued at about $450,000. Finally, Alps Advisors Inc. lifted its holdings in shares of ALPS Active Equity Opportunity ETF by 7.6% in the 4th quarter. Alps Advisors Inc. now owns 165,685 shares of the company’s stock valued at $11,112,000 after buying an additional 11,730 shares during the period.

ALPS Active Equity Opportunity ETF Price Performance

ALPS Active Equity Opportunity ETF stock traded up $0.03 during trading hours on Wednesday, hitting $73.68. 282 shares of the stock traded hands, compared to its average volume of 1,046. The firm’s 50 day moving average price is $70.23 and its 200-day moving average price is $68.88. The stock has a market capitalization of $29.47 million, a price-to-earnings ratio of 25.00 and a beta of 0.95. ALPS Active Equity Opportunity ETF has a 1 year low of $57.40 and a 1 year high of $73.68.

About ALPS Active Equity Opportunity ETF

The RiverFront Dynamic US Flex-Cap ETF (RFFC) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed fund of US stocks selected on the basis of multiple factors such as value, quality, and momentum. RFFC was launched on Jun 7, 2016 and is managed by RiverFront.