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

ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) was the target of a large decline in short interest in March. As of March 31st, there was short interest totaling 11,231 shares, a decline of 50.4% from the March 15th total of 22,656 shares. Based on an average daily trading volume, of 22,081 shares, the short-interest ratio is presently 0.5 days. Currently, 0.3% of the shares of the company are sold short.

ALPS Electrification Infrastructure ETF Trading Down 0.1%

Shares of NASDAQ:ELFY traded down $0.03 during trading on Monday, reaching $41.75. The company had a trading volume of 5,608 shares, compared to its average volume of 36,521. ALPS Electrification Infrastructure ETF has a 12 month low of $26.25 and a 12 month high of $42.12. The company has a fifty day moving average of $40.07 and a two-hundred day moving average of $37.66. The stock has a market capitalization of $155.73 million, a P/E ratio of 21.95 and a beta of -1.42.

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 given a $0.1046 dividend. The ex-dividend date was Thursday, March 19th. This represents a $0.42 annualized dividend and a yield of 1.0%.

Institutional Trading of ALPS Electrification Infrastructure ETF

Several institutional investors have recently added to or reduced their stakes in the business. Tripletail Wealth Management LLC purchased a new stake in ALPS Electrification Infrastructure ETF during the third quarter valued at about $27,000. Summit Financial LLC boosted its position in ALPS Electrification Infrastructure ETF by 9.2% during the fourth quarter. Summit Financial LLC now owns 9,486 shares of the company’s stock valued at $334,000 after buying an additional 796 shares during the period. Harbour Investments Inc. boosted its position 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 period. Farther Finance Advisors LLC purchased a new stake in ALPS Electrification Infrastructure ETF during the third quarter valued at about $89,000. Finally, Janney Montgomery Scott LLC purchased a new stake in ALPS Electrification Infrastructure ETF during the fourth quarter valued at about $216,000.

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.