ALPS Disruptive Technologies ETF (NYSEARCA:DTEC – Get Free Report) saw a significant decrease in short interest in July. As of July 31st, there was short interest totaling 300 shares, a decrease of 60.4% from the July 15th total of 757 shares. Based on an average daily volume of 3,093 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.
Hedge Funds Weigh In On ALPS Disruptive Technologies ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in DTEC. Northwestern Mutual Wealth Management Co. raised its stake in shares of ALPS Disruptive Technologies ETF by 28,696.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 69,400 shares of the company’s stock valued at $3,372,000 after acquiring an additional 69,159 shares in the last quarter. Scott Marsh Financial LLC purchased a new stake in ALPS Disruptive Technologies ETF during the 2nd quarter worth about $509,000. Jane Street Group LLC acquired a new stake in ALPS Disruptive Technologies ETF in the 2nd quarter valued at about $492,000. Torrey Payne Wealth Management LLC acquired a new stake in ALPS Disruptive Technologies ETF in the 4th quarter valued at about $338,000. Finally, Western Wealth Management LLC purchased a new position in shares of ALPS Disruptive Technologies ETF in the 4th quarter valued at about $260,000.
ALPS Disruptive Technologies ETF Trading Down 0.7%
ALPS Disruptive Technologies ETF stock traded down $0.35 during midday trading on Friday, reaching $53.40. 938 shares of the stock traded hands, compared to its average volume of 5,629. The firm has a market cap of $77.43 million, a PE ratio of 29.18 and a beta of 1.14. The company has a 50-day simple moving average of $48.94 and a two-hundred day simple moving average of $47.04. ALPS Disruptive Technologies ETF has a 12-month low of $41.99 and a 12-month high of $53.78.
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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