ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) Short Interest Update

ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) was the target of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totaling 8,605 shares, a decrease of 23.4% from the March 31st total of 11,231 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 29,038 shares, the days-to-cover ratio is currently 0.3 days.

ALPS Electrification Infrastructure ETF Stock Up 0.7%

Shares of ALPS Electrification Infrastructure ETF stock traded up $0.31 during trading on Friday, reaching $44.05. The company’s stock had a trading volume of 27,488 shares, compared to its average volume of 37,287. ALPS Electrification Infrastructure ETF has a 52-week low of $28.67 and a 52-week high of $44.45. The company has a market cap of $181.49 million, a price-to-earnings ratio of 21.95 and a beta of 1.41. The firm’s 50-day moving average is $40.88 and its two-hundred day moving average is $38.27.

ALPS Electrification Infrastructure ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Thursday, March 19th were issued a dividend of $0.1046 per share. The ex-dividend date was Thursday, March 19th. This represents a $0.42 annualized dividend and a yield of 0.9%.

Hedge Funds Weigh In On ALPS Electrification Infrastructure ETF

Several hedge funds and other institutional investors have recently modified their holdings of ELFY. Tripletail Wealth Management LLC bought a new stake in ALPS Electrification Infrastructure ETF in the third quarter valued at $27,000. Farther Finance Advisors LLC bought a new stake in shares of ALPS Electrification Infrastructure ETF during the 3rd quarter valued at $89,000. Harbour Investments Inc. raised its stake in ALPS Electrification Infrastructure ETF by 135.8% during the fourth quarter. Harbour Investments Inc. now owns 2,728 shares of the company’s stock valued at $96,000 after buying an additional 1,571 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of ALPS Electrification Infrastructure ETF in the 4th quarter worth $216,000. Finally, Silver Oak Securities Incorporated bought a new position in shares of ALPS Electrification Infrastructure ETF during the 1st quarter valued at $265,000.

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.