Short Interest in ALPS Active Equity Opportunity ETF (NYSEARCA:RFFC) Declines By 88.2%

ALPS Active Equity Opportunity ETF (NYSEARCA:RFFC) saw a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 614 shares, a decline of 88.2% from the July 30th total of 5,200 shares. Based on an average daily volume of 858 shares, the short-interest ratio is presently 0.7 days. Approximately 0.2% of the company’s shares are sold short.

Institutional Trading of ALPS Active Equity Opportunity ETF

Several large investors have recently added to or reduced their stakes in the stock. Tenzing Financial LLC purchased a new position in shares of ALPS Active Equity Opportunity ETF during the second quarter valued at about $218,000. Main Street Financial Solutions LLC purchased a new position in shares of ALPS Active Equity Opportunity ETF during the 2nd quarter worth approximately $308,000. Arsenal Capital Advisors LLC purchased a new position in shares of ALPS Active Equity Opportunity ETF during the 4th quarter worth approximately $450,000. Envestnet Asset Management Inc. raised its position in shares of ALPS Active Equity Opportunity ETF by 10.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 11,057 shares of the company’s stock worth $710,000 after acquiring an additional 1,016 shares in the last quarter. Finally, Alps Advisors Inc. lifted its stake in shares of ALPS Active Equity Opportunity ETF by 7.6% in the 4th quarter. Alps Advisors Inc. now owns 165,685 shares of the company’s stock valued at $11,112,000 after purchasing an additional 11,730 shares during the period.

ALPS Active Equity Opportunity ETF Stock Performance

NYSEARCA RFFC remained flat at $76.89 on Wednesday. The company’s stock had a trading volume of 2,214 shares, compared to its average volume of 983. ALPS Active Equity Opportunity ETF has a 1-year low of $61.91 and a 1-year high of $77.69. The firm’s 50-day simple moving average is $75.29 and its 200-day simple moving average is $72.27. The firm has a market capitalization of $30.76 million, a price-to-earnings ratio of 25.00 and a beta of 0.94.

About ALPS Active Equity Opportunity ETF

The RiverFront Dynamic US Flex-Cap ETF (RFFC) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed fund of US stocks selected on the basis of multiple factors such as value, quality, and momentum. RFFC was launched on Jun 7, 2016 and is managed by RiverFront.