ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) Sees Significant Increase in Short Interest

ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 15,737 shares, a growth of 97.4% from the July 15th total of 7,972 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 50,555 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of ALPS Electrification Infrastructure ETF

Large investors have recently made changes to their positions in the business. Harbour Investments Inc. increased its stake in shares of ALPS Electrification Infrastructure ETF by 135.8% in the fourth quarter. Harbour Investments Inc. now owns 2,728 shares of the company’s stock worth $96,000 after acquiring an additional 1,571 shares during the period. Royal Bank of Canada acquired a new position in ALPS Electrification Infrastructure ETF during the first quarter valued at $118,000. Sanctuary Advisors LLC purchased a new stake in ALPS Electrification Infrastructure ETF in the first quarter valued at $206,000. NewEdge Advisors LLC purchased a new stake in ALPS Electrification Infrastructure ETF in the first quarter valued at $236,000. Finally, Janney Montgomery Scott LLC acquired a new stake in ALPS Electrification Infrastructure ETF during the 4th quarter worth about $216,000.

ALPS Electrification Infrastructure ETF Stock Up 0.4%

ALPS Electrification Infrastructure ETF stock opened at $43.06 on Tuesday. ALPS Electrification Infrastructure ETF has a 52 week low of $33.33 and a 52 week high of $45.92. The company has a market capitalization of $203.24 million, a price-to-earnings ratio of 21.95 and a beta of 0.99. The stock has a 50-day moving average price of $42.72 and a 200 day moving average price of $41.95.

ALPS Electrification Infrastructure ETF Increases Dividend

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

ALPS Electrification Infrastructure ETF Company Profile

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.