ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) Short Interest Down 62.1% in July

ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) saw a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 7,972 shares, a decline of 62.1% from the June 30th total of 21,033 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 66,523 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On ALPS Electrification Infrastructure ETF

Several institutional investors have recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans raised its holdings in shares of ALPS Electrification Infrastructure ETF by 6,816.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 592,370 shares of the company’s stock worth $20,851,000 after acquiring an additional 583,805 shares in the last quarter. Redhawk Wealth Advisors Inc. grew its holdings in shares of ALPS Electrification Infrastructure ETF by 71.2% in the second 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 in the last quarter. Brookwood Investment Group LLC bought a new stake in ALPS Electrification Infrastructure ETF in the fourth quarter worth $2,875,000. Osaic Holdings Inc. increased its position in ALPS Electrification Infrastructure ETF by 565.8% in the fourth quarter. Osaic Holdings Inc. now owns 49,879 shares of the company’s stock worth $1,756,000 after purchasing an additional 42,387 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in ALPS Electrification Infrastructure ETF by 904.2% in the fourth quarter. Farther Finance Advisors LLC now owns 25,034 shares of the company’s stock worth $881,000 after purchasing an additional 22,541 shares during the last quarter.

ALPS Electrification Infrastructure ETF Stock Down 0.1%

ELFY opened at $40.35 on Wednesday. The firm has a 50-day simple moving average of $43.44 and a two-hundred day simple moving average of $41.52. ALPS Electrification Infrastructure ETF has a 52 week low of $33.11 and a 52 week high of $45.92. The company has a market capitalization of $187.22 million, a PE ratio of 21.95 and a beta of 0.87.

ALPS Electrification Infrastructure ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Thursday, June 18th were given a $0.1065 dividend. This is an increase from ALPS Electrification Infrastructure ETF’s previous quarterly dividend of $0.10. This represents a $0.43 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Thursday, June 18th.

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.