Short Interest in ALPS Sector Dividend Dogs ETF (NYSEARCA:SDOG) Grows By 157.7%

ALPS Sector Dividend Dogs ETF (NYSEARCA:SDOG) was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totaling 42,394 shares, a growth of 157.7% from the July 15th total of 16,454 shares. Based on an average daily trading volume, of 37,203 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.2% of the shares of the stock are sold short.

Hedge Funds Weigh In On ALPS Sector Dividend Dogs ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its holdings in ALPS Sector Dividend Dogs ETF by 0.5% during the 1st quarter. Royal Bank of Canada now owns 153,654 shares of the company’s stock valued at $8,927,000 after buying an additional 749 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of ALPS Sector Dividend Dogs ETF by 13.4% during the 1st quarter. NewEdge Advisors LLC now owns 5,104 shares of the company’s stock valued at $297,000 after acquiring an additional 605 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of ALPS Sector Dividend Dogs ETF by 102.3% in the first quarter. Goldman Sachs Group Inc. now owns 56,923 shares of the company’s stock valued at $3,307,000 after purchasing an additional 28,785 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of ALPS Sector Dividend Dogs ETF by 3.3% in the second 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 in the last quarter. Finally, Bank of America Corp DE increased its position in ALPS Sector Dividend Dogs ETF by 5.1% in the second quarter. Bank of America Corp DE now owns 1,511,488 shares of the company’s stock worth $86,878,000 after purchasing an additional 73,524 shares during the last quarter.

ALPS Sector Dividend Dogs ETF Stock Performance

Shares of NYSEARCA SDOG opened at $73.82 on Friday. The company has a market cap of $1.46 billion, a P/E ratio of 15.06 and a beta of 0.70. ALPS Sector Dividend Dogs ETF has a 52-week low of $57.70 and a 52-week high of $73.87. The firm’s fifty day moving average is $70.41 and its two-hundred day moving average is $67.56.

About ALPS Sector Dividend Dogs ETF

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.