ALPS Active Equity Opportunity ETF (NYSEARCA:RFFC – Get Free Report) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 2,321 shares, a growth of 278.0% from the August 15th total of 614 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily trading volume, of 1,313 shares, the days-to-cover ratio is presently 1.8 days.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of RFFC. Alps Advisors Inc. increased its stake in ALPS Active Equity Opportunity ETF by 7.6% in the fourth 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 in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of ALPS Active Equity Opportunity ETF by 10.1% during the third quarter. Envestnet Asset Management Inc. now owns 11,057 shares of the company’s stock worth $710,000 after purchasing an additional 1,016 shares in the last quarter. Arsenal Capital Advisors LLC bought a new position in shares of ALPS Active Equity Opportunity ETF during the fourth quarter worth $450,000. Main Street Financial Solutions LLC acquired a new position in shares of ALPS Active Equity Opportunity ETF in the 2nd quarter valued at $308,000. Finally, Tenzing Financial LLC acquired a new position in shares of ALPS Active Equity Opportunity ETF in the 2nd quarter valued at $218,000.
ALPS Active Equity Opportunity ETF Trading Up 0.7%
Shares of RFFC stock traded up $0.52 on Friday, reaching $76.55. The company had a trading volume of 67 shares, compared to its average volume of 1,003. The stock has a market cap of $30.62 million, a PE ratio of 25.00 and a beta of 0.94. The company has a 50-day moving average of $75.93 and a 200-day moving average of $72.86. ALPS Active Equity Opportunity ETF has a 12 month low of $61.93 and a 12 month high of $77.69.
ALPS Active Equity Opportunity ETF Company Profile
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.
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