ALPS Sector Dividend Dogs ETF (NYSEARCA:SDOG) Sees Large Drop in Short Interest

ALPS Sector Dividend Dogs ETF (NYSEARCA:SDOG) was the target of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 16,454 shares, a drop of 50.7% from the June 30th total of 33,403 shares. Based on an average trading volume of 56,250 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SDOG. Bank of America Corp DE increased its holdings in shares of ALPS Sector Dividend Dogs ETF by 5.1% during the second quarter. Bank of America Corp DE now owns 1,511,488 shares of the company’s stock valued at $86,878,000 after purchasing an additional 73,524 shares during the period. Wells Fargo & Company MN boosted its stake in ALPS Sector Dividend Dogs ETF by 2.3% during the 4th quarter. Wells Fargo & Company MN now owns 656,805 shares of the company’s stock valued at $39,717,000 after purchasing an additional 14,621 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of ALPS Sector Dividend Dogs ETF by 3.3% during the 2nd quarter. Raymond James Financial Inc. now owns 302,057 shares of the company’s stock valued at $17,362,000 after purchasing an additional 9,536 shares during the period. Del Sette Capital Management LLC raised its stake in shares of ALPS Sector Dividend Dogs ETF by 401.3% in the 1st quarter. Del Sette Capital Management LLC now owns 281,064 shares of the company’s stock worth $18,279,000 after buying an additional 224,994 shares in the last quarter. Finally, LPL Financial LLC lifted its holdings in shares of ALPS Sector Dividend Dogs ETF by 2.9% in the fourth quarter. LPL Financial LLC now owns 272,503 shares of the company’s stock valued at $16,478,000 after buying an additional 7,701 shares during the period.

ALPS Sector Dividend Dogs ETF Stock Up 1.3%

NYSEARCA SDOG traded up $0.93 on Tuesday, hitting $73.14. The stock had a trading volume of 34,806 shares, compared to its average volume of 42,501. The company’s 50-day moving average is $69.14 and its two-hundred day moving average is $66.63. ALPS Sector Dividend Dogs ETF has a one year low of $56.30 and a one year high of $73.80. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 15.06 and a beta of 0.70.

ALPS Sector Dividend Dogs ETF Company Profile

The ALPS Sector Dividend Dogs ETF (SDOG) is an exchange-traded fund that is based on the S-Network Sector Dividend Dogs index. The fund tracks an equal-weighted index of the five highest-yielding S&P 500 securities in each sector. SDOG was launched on Jun 29, 2012 and is managed by ALPS.