ALPS Active Equity Opportunity ETF (NYSEARCA:RFFC) Short Interest Update

ALPS Active Equity Opportunity ETF (NYSEARCA:RFFC) was the target of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 614 shares, a decrease of 88.2% from the July 30th total of 5,200 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 858 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Envestnet Asset Management Inc. raised its stake in ALPS Active Equity Opportunity ETF by 10.1% in the third 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 in the last quarter. Tenzing Financial LLC acquired a new stake in ALPS Active Equity Opportunity ETF during the second quarter worth about $218,000. Main Street Financial Solutions LLC bought a new position in ALPS Active Equity Opportunity ETF in the 2nd quarter valued at about $308,000. Arsenal Capital Advisors LLC bought a new position in ALPS Active Equity Opportunity ETF in the 4th quarter valued at about $450,000. Finally, Alps Advisors Inc. raised its position 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 in the last quarter.

ALPS Active Equity Opportunity ETF Price Performance

ALPS Active Equity Opportunity ETF stock traded down $0.11 during mid-day trading on Friday, reaching $76.99. 290 shares of the company were exchanged, compared to its average volume of 975. The firm has a market cap of $30.80 million, a PE ratio of 25.00 and a beta of 0.94. The company has a fifty day simple moving average of $75.40 and a 200-day simple moving average of $72.38. ALPS Active Equity Opportunity ETF has a 12 month low of $61.91 and a 12 month high of $77.69.

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.