ALPS Disruptive Technologies ETF (NYSEARCA:DTEC) Sees Large Decline in Short Interest

ALPS Disruptive Technologies ETF (NYSEARCA:DTEC) saw a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 337 shares, a decrease of 40.7% from the December 31st total of 568 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 2,529 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 2,529 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

ALPS Disruptive Technologies ETF Stock Performance

Shares of NYSEARCA DTEC traded down $0.54 during midday trading on Friday, reaching $46.94. The stock had a trading volume of 4,188 shares, compared to its average volume of 3,129. The stock has a 50-day moving average of $49.08 and a 200-day moving average of $49.81. The company has a market capitalization of $78.39 million, a price-to-earnings ratio of 29.18 and a beta of 1.16. ALPS Disruptive Technologies ETF has a 12-month low of $37.11 and a 12-month high of $52.97.

Hedge Funds Weigh In On ALPS Disruptive Technologies ETF

A number of large investors have recently added to or reduced their stakes in the company. Wedbush Securities Inc. increased its stake in shares of ALPS Disruptive Technologies ETF by 3.0% in the third quarter. Wedbush Securities Inc. now owns 11,853 shares of the company’s stock worth $606,000 after acquiring an additional 343 shares during the period. Lodestone Wealth Management LLC acquired a new position in shares of ALPS Disruptive Technologies ETF in the 4th quarter valued at $25,000. GPS Wealth Strategies Group LLC lifted its stake in ALPS Disruptive Technologies ETF by 13.6% during the second quarter. GPS Wealth Strategies Group LLC now owns 4,600 shares of the company’s stock worth $227,000 after purchasing an additional 549 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of ALPS Disruptive Technologies ETF by 0.5% in the second quarter. Cetera Investment Advisers now owns 121,746 shares of the company’s stock valued at $6,006,000 after purchasing an additional 595 shares in the last quarter. Finally, Global Retirement Partners LLC purchased a new position in ALPS Disruptive Technologies ETF in the third quarter worth approximately $51,000.

About ALPS Disruptive Technologies ETF

The ALPS Disruptive Technologies ETF (DTEC) is an exchange-traded fund that is based on the Indxx Disruptive Technologies index. The fund tracks an index of 100 global companies that are involved in disruptive technologies across 10 themes. DTEC was launched on Dec 29, 2017 and is managed by ALPS.