ALPS Disruptive Technologies ETF (NYSEARCA:DTEC – Get Free Report) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 66 shares, a drop of 87.7% from the May 14th total of 535 shares. Based on an average trading volume of 3,609 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.
Institutional Investors Weigh In On ALPS Disruptive Technologies ETF
A number of hedge funds and other institutional investors have recently modified their holdings of DTEC. Northwestern Mutual Wealth Management Co. raised its stake in ALPS Disruptive Technologies ETF by 28,696.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 69,400 shares of the company’s stock valued at $3,372,000 after purchasing an additional 69,159 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in ALPS Disruptive Technologies ETF in the 3rd quarter valued at about $110,000. Lido Advisors LLC acquired a new position in ALPS Disruptive Technologies ETF in the 3rd quarter valued at about $205,000. Creative Planning acquired a new position in ALPS Disruptive Technologies ETF in the 3rd quarter valued at about $227,000. Finally, Jane Street Group LLC acquired a new position in ALPS Disruptive Technologies ETF in the 2nd quarter valued at about $492,000.
ALPS Disruptive Technologies ETF Price Performance
Shares of DTEC stock traded up $0.38 during midday trading on Thursday, reaching $47.26. 6,995 shares of the company traded hands, compared to its average volume of 6,307. The firm’s 50 day simple moving average is $46.69 and its two-hundred day simple moving average is $47.07. ALPS Disruptive Technologies ETF has a 1-year low of $41.99 and a 1-year high of $52.97. The firm has a market cap of $70.89 million, a PE ratio of 29.18 and a beta of 1.14.
ALPS Disruptive Technologies ETF Company Profile
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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