ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) Short Interest Down 76.2% in June

ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) saw a significant decline in short interest in June. As of June 15th, there was short interest totaling 11,084 shares, a decline of 76.2% from the May 31st total of 46,567 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 52,088 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On ALPS Electrification Infrastructure ETF

A number of institutional investors have recently modified their holdings of the stock. Harbour Investments Inc. lifted its position in shares of ALPS Electrification Infrastructure ETF by 135.8% during the fourth quarter. Harbour Investments Inc. now owns 2,728 shares of the company’s stock worth $96,000 after purchasing an additional 1,571 shares in the last quarter. Royal Bank of Canada bought a new position in ALPS Electrification Infrastructure ETF in the 1st quarter worth approximately $118,000. Sanctuary Advisors LLC acquired a new position in ALPS Electrification Infrastructure ETF during the 1st quarter worth $206,000. Janney Montgomery Scott LLC bought a new position in ALPS Electrification Infrastructure ETF in the 4th quarter valued at $216,000. Finally, NewEdge Advisors LLC bought a new position in ALPS Electrification Infrastructure ETF in the 1st quarter valued at $236,000.

ALPS Electrification Infrastructure ETF Price Performance

Shares of ELFY stock traded down $0.53 during trading hours on Friday, hitting $44.36. 27,596 shares of the company’s stock were exchanged, compared to its average volume of 40,724. ALPS Electrification Infrastructure ETF has a 52 week low of $31.61 and a 52 week high of $45.92. The stock has a market cap of $183.65 million, a price-to-earnings ratio of 21.95 and a beta of 0.87. The stock’s 50-day moving average is $43.89 and its 200-day moving average is $40.45.

ALPS Electrification Infrastructure ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Shareholders of record on Thursday, June 18th were given a $0.1065 dividend. This represents a $0.43 annualized dividend and a yield of 1.0%. The ex-dividend date was Thursday, June 18th. This is a boost 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.