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

ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 15,737 shares, a growth of 97.4% from the July 15th total of 7,972 shares. Based on an average daily volume of 50,555 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.3% of the company’s stock are short sold.

ALPS Electrification Infrastructure ETF Trading Up 1.2%

ALPS Electrification Infrastructure ETF stock traded up $0.51 during trading on Friday, hitting $42.90. 33,787 shares of the company were exchanged, compared to its average volume of 41,784. The business’s 50 day moving average is $42.73 and its 200 day moving average is $41.89. ALPS Electrification Infrastructure ETF has a 52 week low of $33.33 and a 52 week high of $45.92. The company has a market capitalization of $202.49 million, a P/E ratio of 21.95 and a beta of 0.99.

ALPS Electrification Infrastructure ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Shareholders of record on Thursday, June 18th were issued a dividend of $0.1065 per share. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $0.43 dividend on an annualized basis and a yield of 1.0%. This is a positive change from ALPS Electrification Infrastructure ETF’s previous quarterly dividend of $0.10.

Institutional Trading of ALPS Electrification Infrastructure ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Thrivent Financial for Lutherans increased its position in shares of ALPS Electrification Infrastructure ETF by 6,816.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 592,370 shares of the company’s stock valued at $20,851,000 after acquiring an additional 583,805 shares during the last quarter. Redhawk Wealth Advisors Inc. increased its position 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 valued at $11,067,000 after purchasing an additional 102,450 shares during the last quarter. Osaic Holdings Inc. raised its stake in shares of ALPS Electrification Infrastructure ETF by 565.8% during the 4th 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 period. Farther Finance Advisors LLC increased its holdings in ALPS Electrification Infrastructure ETF by 904.2% during the fourth quarter. Farther Finance Advisors LLC now owns 25,034 shares of the company’s stock worth $881,000 after buying an additional 22,541 shares during the last quarter. Finally, Citadel Advisors LLC bought a new stake in ALPS Electrification Infrastructure ETF in the third quarter worth about $780,000.

About ALPS Electrification Infrastructure ETF

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.