ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) Stock Short Interest Jumps 65.1%

ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 3,473 shares, a growth of 65.1% from the September 15th total of 2,103 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 21,043 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On ALPS Electrification Infrastructure ETF

Large investors have recently bought and sold shares of the company. Redhawk Wealth Advisors Inc. grew its stake in shares of 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 worth $11,067,000 after acquiring an additional 102,450 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of ALPS Electrification Infrastructure ETF by 578.8% in the second quarter. NewEdge Advisors LLC now owns 40,678 shares of the company’s stock valued at $1,828,000 after purchasing an additional 34,685 shares during the last quarter. Cetera Investment Advisers raised its holdings 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 purchasing an additional 18,803 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of ALPS Electrification Infrastructure ETF by 68.8% in the first quarter. Janney Montgomery Scott LLC now owns 10,380 shares of the company’s stock worth $408,000 after purchasing an additional 4,230 shares in the last quarter. Finally, Diversify Wealth Management LLC bought a new stake in shares of ALPS Electrification Infrastructure ETF in the first quarter worth $455,000.

ALPS Electrification Infrastructure ETF Stock Performance

NASDAQ:ELFY opened at $37.95 on Friday. The company has a market cap of $186.33 million, a PE ratio of 21.95 and a beta of 1.03. ALPS Electrification Infrastructure ETF has a 52-week low of $34.31 and a 52-week high of $45.92. The stock has a 50-day simple moving average of $40.23 and a 200 day simple moving average of $41.93.

ALPS Electrification Infrastructure ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Thursday, September 17th were paid a $0.1104 dividend. This represents a $0.44 annualized dividend and a yield of 1.2%. The ex-dividend date was Thursday, September 17th. This is a positive change from ALPS Electrification Infrastructure ETF’s previous quarterly dividend of $0.1065.

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.