ALPS Sector Dividend Dogs ETF (NYSEARCA:SDOG – Get Free Report) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 37,922 shares, an increase of 63.5% from the August 15th total of 23,199 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 17,866 shares, the short-interest ratio is currently 2.1 days.
Institutional Investors Weigh In On ALPS Sector Dividend Dogs ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Del Sette Capital Management LLC raised its holdings in shares of ALPS Sector Dividend Dogs ETF by 401.3% in the 1st quarter. Del Sette Capital Management LLC now owns 281,064 shares of the company’s stock worth $18,279,000 after purchasing an additional 224,994 shares during the period. Royal Bank of Canada increased its position in ALPS Sector Dividend Dogs ETF by 1.1% during the 1st quarter. Royal Bank of Canada now owns 155,649 shares of the company’s stock worth $10,122,000 after purchasing an additional 1,659 shares in the last quarter. Sterling Investment Advisors Ltd. acquired a new stake in ALPS Sector Dividend Dogs ETF during the 2nd quarter worth approximately $8,818,000. Janney Montgomery Scott LLC raised its holdings in ALPS Sector Dividend Dogs ETF by 1.9% in the first quarter. Janney Montgomery Scott LLC now owns 99,323 shares of the company’s stock valued at $6,460,000 after buying an additional 1,814 shares during the period. Finally, Capital Investment Counsel LLC raised its holdings in ALPS Sector Dividend Dogs ETF by 3.4% in the first quarter. Capital Investment Counsel LLC now owns 92,838 shares of the company’s stock valued at $6,038,000 after buying an additional 3,090 shares during the period.
ALPS Sector Dividend Dogs ETF Stock Down 1.2%
SDOG stock opened at $71.27 on Thursday. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 15.06 and a beta of 0.70. The business has a fifty day simple moving average of $72.38 and a 200-day simple moving average of $68.73. ALPS Sector Dividend Dogs ETF has a 52 week low of $57.70 and a 52 week high of $74.73.
About ALPS Sector Dividend Dogs ETF
The ALPS Sector Dividend Dogs ETF (SDOG) is an exchange-traded fund that is based on the S-Network Sector Dividend Dogs index. The fund tracks an equal-weighted index of the five highest-yielding S&P 500 securities in each sector. SDOG was launched on Jun 29, 2012 and is managed by ALPS.
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