Short Interest in ALPS Disruptive Technologies ETF (NYSEARCA:DTEC) Decreases By 65.5%

ALPS Disruptive Technologies ETF (NYSEARCA:DTEC) was the recipient of a significant drop in short interest in April. As of April 30th, there was short interest totaling 357 shares, a drop of 65.5% from the April 15th total of 1,035 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 3,902 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On ALPS Disruptive Technologies ETF

Several large investors have recently modified their holdings of DTEC. Lodestone Wealth Management LLC purchased a new position in ALPS Disruptive Technologies ETF during the fourth quarter valued at approximately $25,000. Global Retirement Partners LLC purchased a new position in ALPS Disruptive Technologies ETF during the third quarter valued at approximately $51,000. JPMorgan Chase & Co. purchased a new position in ALPS Disruptive Technologies ETF during the third quarter valued at approximately $110,000. Lido Advisors LLC purchased a new position in ALPS Disruptive Technologies ETF during the third quarter valued at approximately $205,000. Finally, Creative Planning purchased a new position in ALPS Disruptive Technologies ETF during the third quarter valued at approximately $227,000.

ALPS Disruptive Technologies ETF Price Performance

Shares of DTEC traded up $0.17 during trading hours on Friday, hitting $46.78. The company’s stock had a trading volume of 6,146 shares, compared to its average volume of 5,310. The company has a market cap of $70.17 million, a price-to-earnings ratio of 29.18 and a beta of 1.13. The business has a 50 day simple moving average of $44.98 and a two-hundred day simple moving average of $47.22. ALPS Disruptive Technologies ETF has a 52-week low of $41.99 and a 52-week high of $52.97.

About ALPS Disruptive Technologies ETF

The ALPS Disruptive Technologies ETF (DTEC) is an exchange-traded fund that is based on the Indxx Disruptive Technologies index. The fund tracks an index of 100 global companies that are involved in disruptive technologies across 10 themes. DTEC was launched on Dec 29, 2017 and is managed by ALPS.