ALPS Active Equity Opportunity ETF (NYSEARCA:RFFC) Sees Large Decrease in Short Interest

ALPS Active Equity Opportunity ETF (NYSEARCA:RFFC) saw a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 96 shares, a decrease of 67.0% from the September 15th total of 291 shares. Based on an average daily volume of 1,689 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

ALPS Active Equity Opportunity ETF Price Performance

Shares of ALPS Active Equity Opportunity ETF stock traded up $0.06 during midday trading on Monday, hitting $77.61. 807 shares of the company were exchanged, compared to its average volume of 1,052. The firm has a 50 day simple moving average of $76.79 and a 200-day simple moving average of $74.03. The firm has a market cap of $31.04 million, a P/E ratio of 25.00 and a beta of 0.94. ALPS Active Equity Opportunity ETF has a 52 week low of $63.27 and a 52 week high of $77.75.

Institutional Investors Weigh In On ALPS Active Equity Opportunity ETF

A hedge fund recently raised its position in ALPS Active Equity Opportunity ETF stock. Envestnet Asset Management Inc. grew its position in ALPS Active Equity Opportunity ETF (NYSEARCA:RFFC) by 14.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,571 shares of the company’s stock after purchasing an additional 1,543 shares during the period. Envestnet Asset Management Inc. owned about 2.92% of ALPS Active Equity Opportunity ETF worth $948,000 as of its most recent filing with the SEC.

About ALPS Active Equity Opportunity ETF

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.