ALPS Active Equity Opportunity ETF (NYSEARCA:RFFC) Sees Large Decline in Short Interest

ALPS Active Equity Opportunity ETF (NYSEARCA:RFFC) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 96 shares, a drop of 67.0% from the September 15th total of 291 shares. Based on an average daily volume of 1,689 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Trading of ALPS Active Equity Opportunity ETF

A hedge fund recently bought a new position in ALPS Active Equity Opportunity ETF stock. Tenzing Financial LLC purchased a new stake in shares of ALPS Active Equity Opportunity ETF (NYSEARCA:RFFC) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,885 shares of the company’s stock, valued at approximately $218,000. Tenzing Financial LLC owned approximately 0.72% of ALPS Active Equity Opportunity ETF at the end of the most recent quarter.

ALPS Active Equity Opportunity ETF Price Performance

NYSEARCA RFFC traded down $0.54 on Wednesday, hitting $76.94. 823 shares of the stock were exchanged, compared to its average volume of 1,046. ALPS Active Equity Opportunity ETF has a 52-week low of $63.78 and a 52-week high of $77.75. The company has a market capitalization of $30.78 million, a price-to-earnings ratio of 25.00 and a beta of 0.94. The company’s 50-day moving average price is $76.85 and its two-hundred day moving average price is $74.18.

ALPS Active Equity Opportunity ETF Company Profile

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.