ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) Short Interest Update

ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 21,033 shares, an increase of 89.8% from the June 15th total of 11,084 shares. Based on an average daily volume of 44,096 shares, the short-interest ratio is currently 0.5 days. Currently, 0.5% of the shares of the stock are sold short.

Institutional Trading of ALPS Electrification Infrastructure ETF

Institutional investors have recently made changes to their positions in the company. Redhawk Wealth Advisors Inc. raised its stake in ALPS Electrification Infrastructure ETF by 71.2% in the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 246,250 shares of the company’s stock valued at $11,067,000 after purchasing an additional 102,450 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in ALPS Electrification Infrastructure ETF during the 1st quarter worth $236,000. Royal Bank of Canada purchased a new stake in shares of ALPS Electrification Infrastructure ETF during the first quarter worth $118,000. Cetera Investment Advisers grew its holdings in shares of ALPS Electrification Infrastructure ETF by 232.0% during the first 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 in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of ALPS Electrification Infrastructure ETF in the first quarter valued at about $206,000.

ALPS Electrification Infrastructure ETF Price Performance

ALPS Electrification Infrastructure ETF stock traded down $0.82 during midday trading on Thursday, reaching $41.52. The company had a trading volume of 95,045 shares, compared to its average volume of 42,903. ALPS Electrification Infrastructure ETF has a 12-month low of $32.38 and a 12-month high of $45.92. The company has a market capitalization of $198.47 million, a P/E ratio of 21.95 and a beta of 0.87. The firm’s fifty day simple moving average is $43.90 and its 200-day simple moving average is $41.16.

ALPS Electrification Infrastructure ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Thursday, June 18th were given a $0.1065 dividend. This represents a $0.43 annualized dividend and a dividend yield of 1.0%. This is a boost from ALPS Electrification Infrastructure ETF’s previous quarterly dividend of $0.10. The ex-dividend date was Thursday, June 18th.

About ALPS Electrification Infrastructure ETF

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.