ALPS Active Equity Opportunity ETF (NYSEARCA:RFFC – Get Free Report) saw a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 614 shares, a decrease of 88.2% from the July 30th total of 5,200 shares. Based on an average trading volume of 858 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.2% of the company’s shares are short sold.
Institutional Trading of ALPS Active Equity Opportunity ETF
Institutional investors and hedge funds have recently made changes to their positions in the company. Alps Advisors Inc. raised its position in shares of ALPS Active Equity Opportunity ETF by 7.6% in the 4th quarter. Alps Advisors Inc. now owns 165,685 shares of the company’s stock worth $11,112,000 after buying an additional 11,730 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of ALPS Active Equity Opportunity ETF by 10.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 11,057 shares of the company’s stock worth $710,000 after purchasing an additional 1,016 shares during the period. Arsenal Capital Advisors LLC acquired a new position in shares of ALPS Active Equity Opportunity ETF in the 4th quarter valued at about $450,000. Main Street Financial Solutions LLC acquired a new position in shares of ALPS Active Equity Opportunity ETF in the 2nd quarter valued at about $308,000. Finally, Tenzing Financial LLC purchased a new stake in ALPS Active Equity Opportunity ETF during the second quarter worth approximately $218,000.
ALPS Active Equity Opportunity ETF Stock Up 0.4%
Shares of RFFC traded up $0.28 during mid-day trading on Thursday, hitting $77.10. The company had a trading volume of 18 shares, compared to its average volume of 979. The business’s 50-day simple moving average is $75.35 and its 200-day simple moving average is $72.33. ALPS Active Equity Opportunity ETF has a 1-year low of $61.91 and a 1-year high of $77.69. The stock has a market cap of $30.84 million, a PE ratio of 25.00 and a beta of 0.94.
About ALPS Active Equity Opportunity ETF
The RiverFront Dynamic US Flex-Cap ETF (RFFC) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed fund of US stocks selected on the basis of multiple factors such as value, quality, and momentum. RFFC was launched on Jun 7, 2016 and is managed by RiverFront.
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