ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) Short Interest Down 32.0% in December

ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) was the recipient of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 7,322 shares, a decrease of 32.0% from the December 15th total of 10,772 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 19,614 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 19,614 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the company’s stock are short sold.

ALPS Electrification Infrastructure ETF Trading Up 0.6%

ELFY stock traded up $0.24 during midday trading on Friday, hitting $37.78. 37,663 shares of the company’s stock were exchanged, compared to its average volume of 54,224. The firm has a 50 day moving average price of $35.94 and a 200-day moving average price of $35.08. ALPS Electrification Infrastructure ETF has a 12-month low of $25.53 and a 12-month high of $38.00. The stock has a market capitalization of $115.23 million, a price-to-earnings ratio of 21.95 and a beta of 1.54.

ALPS Electrification Infrastructure ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Thursday, December 18th were issued a $0.1186 dividend. This is a boost from ALPS Electrification Infrastructure ETF’s previous quarterly dividend of $0.10. This represents a $0.47 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, December 18th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ELFY. Tripletail Wealth Management LLC bought a new stake in shares of ALPS Electrification Infrastructure ETF in the 3rd quarter worth about $27,000. Farther Finance Advisors LLC acquired a new position in ALPS Electrification Infrastructure ETF in the third quarter worth about $89,000. Noble Wealth Management PBC increased its holdings in ALPS Electrification Infrastructure ETF by 1,496.6% in the fourth quarter. Noble Wealth Management PBC now owns 7,983 shares of the company’s stock valued at $281,000 after buying an additional 7,483 shares during the last quarter. Susquehanna International Group LLP acquired a new stake in ALPS Electrification Infrastructure ETF during the third quarter valued at approximately $390,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in ALPS Electrification Infrastructure ETF during the fourth quarter valued at approximately $749,000.

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.