ALPS Disruptive Technologies ETF (NYSEARCA:DTEC) Short Interest Down 87.7% in May

ALPS Disruptive Technologies ETF (NYSEARCA:DTEC) was the target of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 66 shares, a drop of 87.7% from the May 14th total of 535 shares. Based on an average trading volume of 3,609 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

ALPS Disruptive Technologies ETF Trading Down 2.1%

Shares of NYSEARCA DTEC traded down $1.03 during midday trading on Wednesday, reaching $46.88. The company’s stock had a trading volume of 4,662 shares, compared to its average volume of 6,301. ALPS Disruptive Technologies ETF has a one year low of $41.99 and a one year high of $52.97. The company has a 50 day moving average price of $46.52 and a 200 day moving average price of $47.07. The company has a market cap of $70.32 million, a price-to-earnings ratio of 29.18 and a beta of 1.14.

Hedge Funds Weigh In On ALPS Disruptive Technologies ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DTEC. Cetera Investment Advisers grew its stake in shares of ALPS Disruptive Technologies ETF by 2.9% in the fourth quarter. Cetera Investment Advisers now owns 127,549 shares of the company’s stock worth $6,196,000 after acquiring an additional 3,574 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in ALPS Disruptive Technologies ETF by 28,696.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 69,400 shares of the company’s stock valued at $3,372,000 after purchasing an additional 69,159 shares during the period. Bank of America Corp DE lifted its stake in shares of ALPS Disruptive Technologies ETF by 10.3% in the third quarter. Bank of America Corp DE now owns 56,644 shares of the company’s stock valued at $2,897,000 after buying an additional 5,273 shares during the period. Wedbush Securities Inc. lifted its stake in shares of ALPS Disruptive Technologies ETF by 3.0% in the third quarter. Wedbush Securities Inc. now owns 11,853 shares of the company’s stock valued at $606,000 after buying an additional 343 shares during the period. Finally, Scott Marsh Financial LLC bought a new stake in shares of ALPS Disruptive Technologies ETF in the second quarter valued at about $509,000.

ALPS Disruptive Technologies ETF Company Profile

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.