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

ALPS Electrification Infrastructure ETF (NASDAQ:ELFYGet Free Report) was the target of a large growth in short interest during the month of 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. Approximately 0.3% of the shares of the stock are sold short. Based on an average trading volume of 50,555 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of ALPS Electrification Infrastructure ETF

Several institutional investors and hedge funds have recently made changes to their positions in ELFY. Redhawk Wealth Advisors Inc. lifted its holdings 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 worth $11,067,000 after acquiring an additional 102,450 shares during the last quarter. NewEdge Advisors LLC bought a new stake in ALPS Electrification Infrastructure ETF during the first quarter worth about $236,000. Royal Bank of Canada purchased a new position in shares of ALPS Electrification Infrastructure ETF in the 1st quarter worth about $118,000. Cetera Investment Advisers increased its position in shares of ALPS Electrification Infrastructure ETF by 232.0% during the 1st quarter. Cetera Investment Advisers now owns 26,909 shares of the company’s stock valued at $1,058,000 after purchasing an additional 18,803 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of ALPS Electrification Infrastructure ETF during the 1st quarter valued at about $206,000.

ALPS Electrification Infrastructure ETF Trading Up 1.2%

Shares of ELFY traded up $0.51 during trading hours on Friday, reaching $42.90. 33,787 shares of the company’s stock traded hands, compared to its average volume of 41,784. ALPS Electrification Infrastructure ETF has a 12 month low of $33.33 and a 12 month high of $45.92. The stock has a market cap of $202.49 million, a PE ratio of 21.95 and a beta of 0.99. The firm’s 50 day simple moving average is $42.73 and its 200-day simple moving average is $41.89.

ALPS Electrification Infrastructure ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 24th. Shareholders of record on Thursday, June 18th were paid a $0.1065 dividend. 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 boost from ALPS Electrification Infrastructure ETF’s previous quarterly dividend of $0.10.

ALPS Electrification Infrastructure ETF Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for ALPS Electrification Infrastructure ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ALPS Electrification Infrastructure ETF and related companies with MarketBeat.com's FREE daily email newsletter.