ALPS Active Equity Opportunity ETF (NYSEARCA:RFFC – Get Free Report) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 614 shares, a drop of 88.2% from the July 30th total of 5,200 shares. Based on an average daily volume of 858 shares, the short-interest ratio is currently 0.7 days. Approximately 0.2% of the shares of the stock are sold short.
Hedge Funds Weigh In On ALPS Active Equity Opportunity ETF
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Tenzing Financial LLC bought a new stake in ALPS Active Equity Opportunity ETF in the second quarter valued at approximately $218,000. Main Street Financial Solutions LLC bought a new stake in ALPS Active Equity Opportunity ETF during the 2nd quarter valued at $308,000. Arsenal Capital Advisors LLC purchased a new stake in ALPS Active Equity Opportunity ETF during the 4th quarter valued at $450,000. Envestnet Asset Management Inc. grew its holdings in ALPS Active Equity Opportunity ETF by 10.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 11,057 shares of the company’s stock worth $710,000 after acquiring an additional 1,016 shares during the last quarter. Finally, Alps Advisors Inc. grew its holdings in ALPS Active Equity Opportunity ETF by 7.6% in the 4th quarter. Alps Advisors Inc. now owns 165,685 shares of the company’s stock worth $11,112,000 after acquiring an additional 11,730 shares during the last quarter.
ALPS Active Equity Opportunity ETF Price Performance
RFFC stock remained flat at $76.89 during mid-day trading on Wednesday. The company’s stock had a trading volume of 2,214 shares, compared to its average volume of 983. The firm’s 50 day simple moving average is $75.29 and its two-hundred day simple moving average is $72.27. ALPS Active Equity Opportunity ETF has a 52-week low of $61.91 and a 52-week high of $77.69. The company has a market cap of $30.76 million, a PE ratio of 25.00 and a beta of 0.94.
About ALPS Active Equity Opportunity ETF
The RiverFront Dynamic US Flex-Cap ETF (RFFC) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed fund of US stocks selected on the basis of multiple factors such as value, quality, and momentum. RFFC was launched on Jun 7, 2016 and is managed by RiverFront.
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