ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) Stock Short Interest Declines 53.4%

ALPS Electrification Infrastructure ETF (NASDAQ:ELFY – Get Free Report) was the target of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 2,103 shares, a decrease of 53.4% from the August 31st total of 4,517 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 20,988 shares, the short-interest ratio is currently 0.1 days.

ALPS Electrification Infrastructure ETF Stock Performance

Shares of ELFY traded down $0.20 during trading hours on Wednesday, hitting $38.50. The stock had a trading volume of 32,671 shares, compared to its average volume of 38,687. ALPS Electrification Infrastructure ETF has a 12-month low of $34.31 and a 12-month high of $45.92. The firm has a market cap of $186.34 million, a P/E ratio of 21.95 and a beta of 0.98. The company’s fifty day simple moving average is $40.73 and its 200 day simple moving average is $41.96.

ALPS Electrification Infrastructure ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Thursday, September 17th were paid a $0.1104 dividend. The ex-dividend date of this dividend was Thursday, September 17th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.1%. This is a boost from ALPS Electrification Infrastructure ETF’s previous quarterly dividend of $0.1065.

Institutional Trading of ALPS Electrification Infrastructure ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Redhawk Wealth Advisors Inc. lifted its position in shares of ALPS Electrification Infrastructure ETF by 71.2% during the second quarter. Redhawk Wealth Advisors Inc. now owns 246,250 shares of the company’s stock worth $11,067,000 after purchasing an additional 102,450 shares in the last quarter. NewEdge Advisors LLC grew its holdings in ALPS Electrification Infrastructure ETF by 578.8% during the 2nd quarter. NewEdge Advisors LLC now owns 40,678 shares of the company’s stock valued at $1,828,000 after purchasing an additional 34,685 shares in the last quarter. Cetera Investment Advisers increased its stake in ALPS Electrification Infrastructure ETF by 232.0% during the 1st quarter. Cetera Investment Advisers now owns 26,909 shares of the company’s stock worth $1,058,000 after buying an additional 18,803 shares during the period. Envestnet Asset Management Inc. increased its stake in ALPS Electrification Infrastructure ETF by 125.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 20,815 shares of the company’s stock worth $935,000 after buying an additional 11,598 shares during the period. Finally, Wellington Grp LLC acquired a new position in ALPS Electrification Infrastructure ETF in the 2nd quarter worth $235,000.

About ALPS Electrification Infrastructure ETF

(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.

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