ALPS Dynamic US Dividend Advantage ETF (NYSEARCA:RFDA) Sees Significant Decrease in Short Interest

ALPS Dynamic US Dividend Advantage ETF (NYSEARCA:RFDA) saw a significant drop in short interest in May. As of May 29th, there was short interest totaling 442 shares, a drop of 52.1% from the May 14th total of 922 shares. Based on an average daily trading volume, of 629 shares, the short-interest ratio is presently 0.7 days. Currently, 0.0% of the company’s stock are short sold.

ALPS Dynamic US Dividend Advantage ETF Trading Up 0.7%

NYSEARCA RFDA traded up $0.49 during trading on Friday, hitting $70.78. 1,048 shares of the company traded hands, compared to its average volume of 2,805. ALPS Dynamic US Dividend Advantage ETF has a 12 month low of $55.73 and a 12 month high of $71.17. The business has a fifty day simple moving average of $67.98 and a 200 day simple moving average of $65.27. The company has a market capitalization of $87.06 million, a P/E ratio of 18.60 and a beta of 0.88.

ALPS Dynamic US Dividend Advantage ETF Company Profile

The RiverFront Dynamic US Dividend Advantage ETF (RFDA) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed fund that invests in US-domiciled companies with higher dividend yields than their peers within the same sector, among other factors. RFDA was launched on Jun 7, 2016 and is managed by RiverFront.