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

ALPS Level Four Large Cap Growth Active ETF (NASDAQ:LGRO) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 8,611 shares, an increase of 110.0% from the July 30th total of 4,100 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 10,940 shares, the short-interest ratio is presently 0.8 days.

ALPS Level Four Large Cap Growth Active ETF Price Performance

NASDAQ LGRO opened at $47.58 on Monday. The company has a market capitalization of $145.59 million, a price-to-earnings ratio of 27.33 and a beta of 1.22. ALPS Level Four Large Cap Growth Active ETF has a twelve month low of $35.71 and a twelve month high of $48.18. The stock has a fifty day simple moving average of $45.07 and a 200 day simple moving average of $41.91.

ALPS Level Four Large Cap Growth Active ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 24th. Shareholders of record on Thursday, June 18th were given a $0.0411 dividend. This is a boost from ALPS Level Four Large Cap Growth Active ETF’s previous quarterly dividend of $0.03. The ex-dividend date was Thursday, June 18th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.3%.

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.