ALPS Disruptive Technologies ETF (NYSEARCA:DTEC) Sees Significant Decrease in Short Interest

ALPS Disruptive Technologies ETF (NYSEARCA:DTEC) was the recipient of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 66 shares, a decrease of 87.7% from the May 14th total of 535 shares. Based on an average trading volume of 3,609 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of DTEC. Lodestone Wealth Management LLC bought a new position in ALPS Disruptive Technologies ETF during the 4th quarter worth approximately $25,000. JPMorgan Chase & Co. bought a new position in ALPS Disruptive Technologies ETF during the 3rd quarter worth approximately $110,000. Lido Advisors LLC bought a new position in ALPS Disruptive Technologies ETF during the 3rd quarter worth approximately $205,000. Creative Planning bought a new position in ALPS Disruptive Technologies ETF during the 3rd quarter worth approximately $227,000. Finally, Western Wealth Management LLC boosted its stake in ALPS Disruptive Technologies ETF by 7.0% during the 1st quarter. Western Wealth Management LLC now owns 5,735 shares of the company’s stock worth $248,000 after acquiring an additional 377 shares during the last quarter.

ALPS Disruptive Technologies ETF Stock Down 1.0%

NYSEARCA:DTEC traded down $0.49 during mid-day trading on Tuesday, reaching $47.91. 73,540 shares of the company were exchanged, compared to its average volume of 6,317. ALPS Disruptive Technologies ETF has a 12 month low of $41.99 and a 12 month high of $52.97. The company has a fifty day moving average of $46.40 and a 200 day moving average of $47.07. The stock has a market cap of $71.87 million, a PE ratio of 29.18 and a beta of 1.14.

ALPS Disruptive Technologies ETF Company Profile

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.