ALPS Disruptive Technologies ETF (NYSEARCA:DTEC – Get Free Report) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totaling 798 shares, a decline of 95.3% from the September 30th total of 16,932 shares. Based on an average daily trading volume, of 12,367 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.
Institutional Investors Weigh In On ALPS Disruptive Technologies ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Avior Wealth Management LLC acquired a new stake in shares of ALPS Disruptive Technologies ETF during the third quarter worth $4,859,000. Western Wealth Management LLC raised its stake in shares of ALPS Disruptive Technologies ETF by 7.0% during the 1st quarter. Western Wealth Management LLC now owns 5,735 shares of the company’s stock worth $248,000 after purchasing an additional 377 shares during the period. Anson Capital Inc. bought a new stake in ALPS Disruptive Technologies ETF in the 2nd quarter valued at about $212,000. Finally, Citadel Advisors LLC bought a new stake in ALPS Disruptive Technologies ETF during the 2nd quarter valued at $210,000.
ALPS Disruptive Technologies ETF Price Performance
Shares of DTEC opened at $52.27 on Tuesday. ALPS Disruptive Technologies ETF has a one year low of $41.99 and a one year high of $53.89. The company has a market cap of $74.22 million, a PE ratio of 29.18 and a beta of 1.15. The firm has a 50-day moving average of $51.75 and a 200-day moving average of $48.36.
About ALPS Disruptive Technologies ETF
The ALPS Disruptive Technologies ETF (DTEC) is an exchange-traded fund that is based on the Indxx Disruptive Technologies index. The fund tracks an index of 100 global companies that are involved in disruptive technologies across 10 themes. DTEC was launched on Dec 29, 2017 and is managed by ALPS.
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