ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) Shares Shorted: Short Interest Down 53.4% in September

ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 2,103 shares, a drop of 53.4% from the August 31st total of 4,517 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 20,988 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of ALPS Electrification Infrastructure ETF

Several institutional investors and hedge funds have recently bought and sold shares of ELFY. Redhawk Wealth Advisors Inc. lifted its holdings in ALPS Electrification Infrastructure ETF by 71.2% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 246,250 shares of the company’s stock valued at $11,067,000 after purchasing an additional 102,450 shares during the last quarter. NewEdge Advisors LLC increased its position in ALPS Electrification Infrastructure ETF by 578.8% during the 2nd quarter. NewEdge Advisors LLC now owns 40,678 shares of the company’s stock worth $1,828,000 after buying an additional 34,685 shares during the period. Cetera Investment Advisers grew its stake in shares of ALPS Electrification Infrastructure ETF by 232.0% in the first quarter. Cetera Investment Advisers now owns 26,909 shares of the company’s stock valued at $1,058,000 after acquiring an additional 18,803 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of ALPS Electrification Infrastructure ETF by 125.8% in the second quarter. Envestnet Asset Management Inc. now owns 20,815 shares of the company’s stock valued at $935,000 after acquiring an additional 11,598 shares in the last quarter. Finally, Diversify Wealth Management LLC acquired a new position in shares of ALPS Electrification Infrastructure ETF in the first quarter valued at about $455,000.

ALPS Electrification Infrastructure ETF Trading Down 1.6%

Shares of ALPS Electrification Infrastructure ETF stock traded down $0.63 during trading on Monday, hitting $38.19. 6,624 shares of the stock were exchanged, compared to its average volume of 38,802. The company has a fifty day moving average price of $40.85 and a 200-day moving average price of $41.98. The stock has a market capitalization of $184.85 million, a price-to-earnings ratio of 21.95 and a beta of 0.98. ALPS Electrification Infrastructure ETF has a 1-year low of $34.31 and a 1-year high of $45.92.

ALPS Electrification Infrastructure ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Thursday, September 17th were given a dividend of $0.1104 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.2%. This is a boost from ALPS Electrification Infrastructure ETF’s previous quarterly dividend of $0.1065. The ex-dividend date of this dividend was Thursday, September 17th.

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.