ALPS Disruptive Technologies ETF (NYSEARCA:DTEC) Sees Large Decrease in Short Interest

ALPS Disruptive Technologies ETF (NYSEARCA:DTECGet Free Report) saw a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 357 shares, a drop of 65.5% from the April 15th total of 1,035 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 3,902 shares, the days-to-cover ratio is currently 0.1 days.

ALPS Disruptive Technologies ETF Stock Performance

Shares of NYSEARCA DTEC traded up $0.17 during trading hours on Friday, hitting $46.78. The company’s stock had a trading volume of 6,146 shares, compared to its average volume of 5,310. The stock has a market cap of $70.17 million, a price-to-earnings ratio of 29.18 and a beta of 1.13. ALPS Disruptive Technologies ETF has a 12 month low of $41.99 and a 12 month high of $52.97. The business has a 50-day simple moving average of $44.98 and a 200-day simple moving average of $47.22.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Lodestone Wealth Management LLC purchased a new stake in shares of ALPS Disruptive Technologies ETF in the 4th quarter worth about $25,000. Global Retirement Partners LLC purchased a new position in shares of ALPS Disruptive Technologies ETF during the third quarter valued at about $51,000. JPMorgan Chase & Co. purchased a new position in shares of ALPS Disruptive Technologies ETF during the third quarter valued at about $110,000. Lido Advisors LLC purchased a new position in shares of ALPS Disruptive Technologies ETF during the third quarter valued at about $205,000. Finally, Creative Planning purchased a new position in shares of ALPS Disruptive Technologies ETF during the third quarter valued at about $227,000.

About ALPS Disruptive Technologies ETF

(Get Free Report)

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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