ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) Short Interest Down 62.1% in July

ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totaling 7,972 shares, a decrease of 62.1% from the June 30th total of 21,033 shares. Based on an average daily trading volume, of 66,523 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.2% of the shares of the company are short sold.

ALPS Electrification Infrastructure ETF Price Performance

Shares of ALPS Electrification Infrastructure ETF stock opened at $41.53 on Monday. The business’s fifty day moving average price is $43.52 and its two-hundred day moving average price is $41.46. The company has a market capitalization of $192.70 million, a P/E ratio of 21.95 and a beta of 0.87. ALPS Electrification Infrastructure ETF has a 1-year low of $33.11 and a 1-year high of $45.92.

ALPS Electrification Infrastructure ETF Increases Dividend

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

Institutional Investors Weigh In On ALPS Electrification Infrastructure ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Thrivent Financial for Lutherans increased its stake in ALPS Electrification Infrastructure ETF by 6,816.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 592,370 shares of the company’s stock valued at $20,851,000 after buying an additional 583,805 shares during the period. Redhawk Wealth Advisors Inc. raised its position in shares of ALPS Electrification Infrastructure ETF by 71.2% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 246,250 shares of the company’s stock worth $11,067,000 after buying an additional 102,450 shares in the last quarter. Brookwood Investment Group LLC acquired a new stake in shares of ALPS Electrification Infrastructure ETF in the 4th quarter worth approximately $2,875,000. Osaic Holdings Inc. lifted its stake in shares of ALPS Electrification Infrastructure ETF by 565.8% in the 4th quarter. Osaic Holdings Inc. now owns 49,879 shares of the company’s stock worth $1,756,000 after acquiring an additional 42,387 shares during the period. Finally, Farther Finance Advisors LLC lifted its stake in shares of ALPS Electrification Infrastructure ETF by 904.2% in the 4th quarter. Farther Finance Advisors LLC now owns 25,034 shares of the company’s stock worth $881,000 after acquiring an additional 22,541 shares during the period.

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.