ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) Short Interest Down 80.0% in August

ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) was the target of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 4,517 shares, a decrease of 80.0% from the August 15th total of 22,631 shares. Based on an average trading volume of 28,641 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ELFY. Harbour Investments Inc. boosted its stake in ALPS Electrification Infrastructure ETF by 135.8% in the fourth quarter. Harbour Investments Inc. now owns 2,728 shares of the company’s stock valued at $96,000 after acquiring an additional 1,571 shares in the last quarter. Royal Bank of Canada acquired a new stake in shares of ALPS Electrification Infrastructure ETF during the first quarter worth about $118,000. Sanctuary Advisors LLC acquired a new stake in shares of ALPS Electrification Infrastructure ETF during the first quarter worth about $206,000. Janney Montgomery Scott LLC purchased a new stake in shares of ALPS Electrification Infrastructure ETF in the 4th quarter valued at about $216,000. Finally, Wellington Grp LLC purchased a new stake in shares of ALPS Electrification Infrastructure ETF in the 2nd quarter valued at about $235,000.

ALPS Electrification Infrastructure ETF Price Performance

Shares of NASDAQ ELFY traded up $0.23 during midday trading on Friday, hitting $40.24. 22,508 shares of the company’s stock were exchanged, compared to its average volume of 40,075. The firm’s fifty day simple moving average is $41.50 and its 200-day simple moving average is $42.11. The company has a market cap of $189.93 million, a PE ratio of 21.95 and a beta of 0.98. ALPS Electrification Infrastructure ETF has a twelve month low of $34.31 and a twelve month high of $45.92.

ALPS Electrification Infrastructure ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Thursday, June 18th were issued a $0.1065 dividend. This represents a $0.43 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Thursday, June 18th. This is a positive change from ALPS Electrification Infrastructure ETF’s previous quarterly dividend of $0.10.

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.