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

ALPS Active Equity Opportunity ETF (NYSEARCA:RFFC) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 2,321 shares, an increase of 278.0% from the August 15th total of 614 shares. Based on an average trading volume of 1,313 shares, the short-interest ratio is currently 1.8 days. Currently, 0.6% of the shares of the company are short sold.

Hedge Funds Weigh In On ALPS Active Equity Opportunity ETF

A number of institutional investors have recently bought and sold shares of RFFC. Tenzing Financial LLC acquired a new stake in shares of ALPS Active Equity Opportunity ETF in the second quarter valued at approximately $218,000. Main Street Financial Solutions LLC acquired a new position in shares of ALPS Active Equity Opportunity ETF during the 2nd quarter worth approximately $308,000. Arsenal Capital Advisors LLC bought a new stake in ALPS Active Equity Opportunity ETF in the 4th quarter valued at $450,000. Envestnet Asset Management Inc. lifted its holdings in ALPS Active Equity Opportunity ETF by 10.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 11,057 shares of the company’s stock valued at $710,000 after purchasing an additional 1,016 shares during the last quarter. Finally, Alps Advisors Inc. lifted its holdings in ALPS Active Equity Opportunity ETF by 7.6% during the 4th quarter. Alps Advisors Inc. now owns 165,685 shares of the company’s stock valued at $11,112,000 after purchasing an additional 11,730 shares during the last quarter.

ALPS Active Equity Opportunity ETF Trading Up 0.7%

Shares of ALPS Active Equity Opportunity ETF stock traded up $0.52 during trading on Friday, hitting $76.55. 67 shares of the stock were exchanged, compared to its average volume of 1,003. The company has a fifty day moving average price of $75.93 and a 200-day moving average price of $72.86. The stock has a market capitalization of $30.62 million, a price-to-earnings ratio of 25.00 and a beta of 0.94. ALPS Active Equity Opportunity ETF has a 1-year low of $61.93 and a 1-year high of $77.69.

ALPS Active Equity Opportunity ETF Company Profile

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.