Short Interest in ALPS Sector Dividend Dogs ETF (NYSEARCA:SDOG) Declines By 45.3%

ALPS Sector Dividend Dogs ETF (NYSEARCA:SDOG) saw a significant decrease in short interest in August. As of August 14th, there was short interest totaling 23,199 shares, a decrease of 45.3% from the July 30th total of 42,394 shares. Based on an average daily trading volume, of 33,881 shares, the short-interest ratio is currently 0.7 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Money Concepts Capital Corp grew its stake in ALPS Sector Dividend Dogs ETF by 0.6% in the first quarter. Money Concepts Capital Corp now owns 35,647 shares of the company’s stock worth $2,318,000 after purchasing an additional 201 shares during the period. MML Investors Services LLC lifted its position in ALPS Sector Dividend Dogs ETF by 1.1% during the fourth quarter. MML Investors Services LLC now owns 20,540 shares of the company’s stock valued at $1,242,000 after buying an additional 229 shares during the period. Stifel Financial Corp lifted its position in ALPS Sector Dividend Dogs ETF by 0.4% during the fourth quarter. Stifel Financial Corp now owns 61,497 shares of the company’s stock valued at $3,719,000 after buying an additional 229 shares during the period. Cullen Frost Bankers Inc. boosted its holdings in shares of ALPS Sector Dividend Dogs ETF by 26.9% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,198 shares of the company’s stock valued at $72,000 after buying an additional 254 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its holdings in shares of ALPS Sector Dividend Dogs ETF by 5.1% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 5,308 shares of the company’s stock valued at $362,000 after buying an additional 257 shares in the last quarter.

ALPS Sector Dividend Dogs ETF Price Performance

SDOG traded down $0.09 on Tuesday, hitting $72.86. The company had a trading volume of 8,051 shares, compared to its average volume of 40,673. The stock has a fifty day simple moving average of $71.53 and a 200-day simple moving average of $68.28. The firm has a market capitalization of $1.44 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 $74.73.

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.