ALPS Level Four Large Cap Growth Active ETF (NASDAQ:LGRO) Sees Large Decrease in Short Interest

ALPS Level Four Large Cap Growth Active ETF (NASDAQ:LGRO) saw a significant decrease in short interest in September. As of September 30th, there was short interest totaling 753 shares, a decrease of 88.5% from the September 15th total of 6,520 shares. Based on an average daily trading volume, of 10,272 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

ALPS Level Four Large Cap Growth Active ETF Price Performance

NASDAQ:LGRO traded up $0.59 during mid-day trading on Friday, hitting $48.06. 1,593 shares of the company’s stock were exchanged, compared to its average volume of 8,650. The business has a fifty day moving average price of $47.00 and a 200 day moving average price of $43.67. ALPS Level Four Large Cap Growth Active ETF has a one year low of $35.71 and a one year high of $48.18. The company has a market cap of $148.51 million, a PE ratio of 27.33 and a beta of 1.23.

ALPS Level Four Large Cap Growth Active ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Investors of record on Thursday, September 17th were given a dividend of $0.03 per share. This is a negative change from ALPS Level Four Large Cap Growth Active ETF’s previous quarterly dividend of $0.0411. The ex-dividend date of this dividend was Thursday, September 17th. This represents a $0.12 annualized dividend and a yield of 0.2%.

About ALPS Level Four Large Cap Growth Active ETF

The Level Four Large Cap Growth Active ETF (LGRO) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed portfolio of US large cap stocks. Holdings are managed based on quantitative analysis and fundamental research, selecting those companies perceived to have favorable growth potential within their market sector. LGRO was launched on Aug 22, 2023 and is issued by SS&C.