ALPS Electrification Infrastructure ETF (NASDAQ:ELFY – Get Free Report) was the target of a significant increase in short interest in October. As of October 30th, there was short interest totaling 38,171 shares, an increase of 1,976.8% from the October 15th total of 1,838 shares. Currently, 0.9% of the company’s shares are short sold. Based on an average daily volume of 66,241 shares, the days-to-cover ratio is currently 0.6 days.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. Noble Wealth Management PBC grew its holdings in ALPS Electrification Infrastructure ETF by 11.3% in the third quarter. Noble Wealth Management PBC now owns 7,781 shares of the company’s stock worth $300,000 after purchasing an additional 791 shares during the period. Harbour Investments Inc. bought a new stake in ALPS Electrification Infrastructure ETF in the third quarter valued at $113,000. Royal Bank of Canada bought a new stake in ALPS Electrification Infrastructure ETF in the first quarter valued at $118,000. Janney Montgomery Scott LLC increased its stake in ALPS Electrification Infrastructure ETF by 68.8% in the first quarter. Janney Montgomery Scott LLC now owns 10,380 shares of the company’s stock valued at $408,000 after purchasing an additional 4,230 shares in the last quarter. Finally, Wellington Grp LLC acquired a new position in shares of ALPS Electrification Infrastructure ETF during the second quarter valued at about $235,000.
ALPS Electrification Infrastructure ETF Trading Down 0.9%
ELFY stock traded down $0.33 during mid-day trading on Tuesday, reaching $36.92. The company’s stock had a trading volume of 11,268 shares, compared to its average volume of 38,935. ALPS Electrification Infrastructure ETF has a 12 month low of $34.31 and a 12 month high of $45.92. The business’s 50 day moving average price is $38.69 and its 200 day moving average price is $41.03. The company has a market cap of $158.76 million, a price-to-earnings ratio of 22.21 and a beta of 1.04.
ALPS Electrification Infrastructure ETF Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Thursday, September 17th were given a dividend of $0.1104 per share. This is a positive change from ALPS Electrification Infrastructure ETF’s previous quarterly dividend of $0.1065. The ex-dividend date of this dividend was Thursday, September 17th. This represents a $0.44 annualized dividend and a dividend yield of 1.2%.
ALPS Electrification Infrastructure ETF Company Profile
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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