ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) Short Interest Update

ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) was the recipient of a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 17,513 shares, a decline of 20.3% from the January 15th total of 21,967 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 41,405 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 41,405 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.5% of the shares of the company are short sold.

ALPS Electrification Infrastructure ETF Stock Performance

Shares of NASDAQ ELFY traded up $0.49 during midday trading on Friday, reaching $40.60. 49,766 shares of the company traded hands, compared to its average volume of 45,072. The firm has a market cap of $131.14 million, a PE ratio of 21.95 and a beta of 1.54. The stock’s 50-day simple moving average is $37.06 and its 200-day simple moving average is $35.94. ALPS Electrification Infrastructure ETF has a 12 month low of $25.53 and a 12 month high of $41.14.

ALPS Electrification Infrastructure ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Thursday, December 18th were given a $0.1186 dividend. The ex-dividend date was Thursday, December 18th. This is a positive change from ALPS Electrification Infrastructure ETF’s previous quarterly dividend of $0.10. This represents a $0.47 dividend on an annualized basis and a yield of 1.2%.

Institutional Trading of ALPS Electrification Infrastructure ETF

A number of hedge funds have recently modified their holdings of the company. Tripletail Wealth Management LLC acquired a new position in shares of ALPS Electrification Infrastructure ETF in the 3rd quarter valued at $27,000. Farther Finance Advisors LLC acquired a new stake in ALPS Electrification Infrastructure ETF in the 3rd quarter valued at $89,000. Harbour Investments Inc. increased its position in shares of ALPS Electrification Infrastructure ETF by 135.8% in the fourth quarter. Harbour Investments Inc. now owns 2,728 shares of the company’s stock valued at $96,000 after acquiring an additional 1,571 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of ALPS Electrification Infrastructure ETF during the 4th quarter worth approximately $216,000. Finally, Noble Wealth Management PBC lifted its stake in ALPS Electrification Infrastructure ETF by 1,496.6% in the fourth quarter. Noble Wealth Management PBC now owns 7,983 shares of the company’s stock valued at $281,000 after acquiring an additional 7,483 shares during the last quarter.

About ALPS Electrification Infrastructure ETF

The ALPS Electrification Infrastructure ETF is an exchange-traded fund that seeks to provide investment results that correspond generally to the performance of the underlying index, which focuses on companies involved in the electrification infrastructure sector.