ALPS Active Equity Opportunity ETF (NYSEARCA:RFFC – Get Free Report) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 2,321 shares, an increase of 278.0% from the August 15th total of 614 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily volume of 1,313 shares, the days-to-cover ratio is currently 1.8 days.
Hedge Funds Weigh In On ALPS Active Equity Opportunity ETF
Several large investors have recently bought and sold shares of RFFC. Alps Advisors Inc. raised its position in shares of ALPS Active Equity Opportunity ETF by 7.6% during the 4th quarter. Alps Advisors Inc. now owns 165,685 shares of the company’s stock valued at $11,112,000 after acquiring an additional 11,730 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of 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 purchasing an additional 1,016 shares during the last quarter. Arsenal Capital Advisors LLC acquired a new stake in shares of ALPS Active Equity Opportunity ETF during the fourth quarter worth $450,000. Main Street Financial Solutions LLC acquired a new stake in shares of ALPS Active Equity Opportunity ETF during the second quarter worth $308,000. Finally, Tenzing Financial LLC bought a new stake in ALPS Active Equity Opportunity ETF in the second quarter valued at about $218,000.
ALPS Active Equity Opportunity ETF Stock Performance
ALPS Active Equity Opportunity ETF stock traded up $0.52 during trading hours on Friday, reaching $76.55. 67 shares of the company’s stock traded hands, compared to its average volume of 1,003. ALPS Active Equity Opportunity ETF has a fifty-two week low of $61.93 and a fifty-two week high of $77.69. The firm has a market capitalization of $30.62 million, a price-to-earnings ratio of 25.00 and a beta of 0.94. The firm’s 50 day moving average is $75.93 and its 200-day moving average is $72.86.
ALPS Active Equity Opportunity ETF Company Profile
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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