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

ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) was the target of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 2,103 shares, a decrease of 53.4% from the August 31st total of 4,517 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 20,988 shares, the days-to-cover ratio is presently 0.1 days.

ALPS Electrification Infrastructure ETF Trading Up 1.0%

Shares of ELFY traded up $0.38 during trading hours on Tuesday, reaching $38.70. 18,082 shares of the company’s stock traded hands, compared to its average volume of 38,726. The stock has a market cap of $187.31 million, a PE ratio of 21.95 and a beta of 0.98. The firm’s 50 day simple moving average is $40.79 and its 200-day simple moving average is $41.97. ALPS Electrification Infrastructure ETF has a 12 month low of $34.31 and a 12 month high of $45.92.

ALPS Electrification Infrastructure ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Investors of record on Thursday, September 17th were paid a $0.1104 dividend. This is an increase from ALPS Electrification Infrastructure ETF’s previous quarterly dividend of $0.1065. This represents a $0.44 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, September 17th.

Institutional Investors Weigh In On ALPS Electrification Infrastructure ETF

Hedge funds have recently bought and sold shares of the stock. Redhawk Wealth Advisors Inc. raised its position in shares of ALPS Electrification Infrastructure ETF by 71.2% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 246,250 shares of the company’s stock valued at $11,067,000 after buying an additional 102,450 shares in the last quarter. NewEdge Advisors LLC grew its position in ALPS Electrification Infrastructure ETF by 578.8% in the second quarter. NewEdge Advisors LLC now owns 40,678 shares of the company’s stock worth $1,828,000 after acquiring an additional 34,685 shares in the last quarter. Cetera Investment Advisers grew its position in ALPS Electrification Infrastructure ETF by 232.0% in the first quarter. Cetera Investment Advisers now owns 26,909 shares of the company’s stock worth $1,058,000 after acquiring an additional 18,803 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in ALPS Electrification Infrastructure ETF by 125.8% in the second quarter. Envestnet Asset Management Inc. now owns 20,815 shares of the company’s stock valued at $935,000 after acquiring an additional 11,598 shares during the last quarter. Finally, Diversify Wealth Management LLC bought a new position in ALPS Electrification Infrastructure ETF in the first quarter valued at $455,000.

ALPS Electrification Infrastructure ETF Company Profile

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.