ALPS Sector Dividend Dogs ETF (NYSEARCA:SDOG) Shares Shorted: Short Interest Up 118.5% in September

ALPS Sector Dividend Dogs ETF (NYSEARCA:SDOG) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 32,591 shares, an increase of 118.5% from the September 15th total of 14,914 shares. Based on an average trading volume of 27,958 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Investors Weigh In On ALPS Sector Dividend Dogs ETF

Several hedge funds have recently added to or reduced their stakes in the business. Del Sette Capital Management LLC grew its position in ALPS Sector Dividend Dogs ETF by 401.3% during the 1st quarter. Del Sette Capital Management LLC now owns 281,064 shares of the company’s stock worth $18,279,000 after purchasing an additional 224,994 shares during the period. Royal Bank of Canada lifted its holdings in shares of ALPS Sector Dividend Dogs ETF by 1.1% in the 1st quarter. Royal Bank of Canada now owns 155,649 shares of the company’s stock valued at $10,122,000 after buying an additional 1,659 shares during the period. Sterling Investment Advisors Ltd. purchased a new stake in shares of ALPS Sector Dividend Dogs ETF in the second quarter worth about $8,818,000. Janney Montgomery Scott LLC boosted its stake in shares of ALPS Sector Dividend Dogs ETF by 1.9% in the first quarter. Janney Montgomery Scott LLC now owns 99,323 shares of the company’s stock worth $6,460,000 after buying an additional 1,814 shares during the last quarter. Finally, Capital Investment Counsel LLC boosted its stake in shares of ALPS Sector Dividend Dogs ETF by 3.4% in the first quarter. Capital Investment Counsel LLC now owns 92,838 shares of the company’s stock worth $6,038,000 after buying an additional 3,090 shares during the last quarter.

ALPS Sector Dividend Dogs ETF Price Performance

NYSEARCA:SDOG traded up $0.44 during midday trading on Wednesday, hitting $69.78. The company’s stock had a trading volume of 79,713 shares, compared to its average volume of 39,160. The firm has a market cap of $1.38 billion, a P/E ratio of 15.06 and a beta of 0.71. ALPS Sector Dividend Dogs ETF has a fifty-two week low of $57.70 and a fifty-two week high of $74.73. The firm’s 50 day moving average is $71.59 and its 200-day moving average is $69.26.

ALPS Sector Dividend Dogs ETF Company Profile

The ALPS Sector Dividend Dogs ETF (SDOG) is an exchange-traded fund that is based on the S-Network Sector Dividend Dogs index. The fund tracks an equal-weighted index of the five highest-yielding S&P 500 securities in each sector. SDOG was launched on Jun 29, 2012 and is managed by ALPS.