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

ALPS Active Equity Opportunity ETF (NYSEARCA:RFFC) saw a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 796 shares, a decline of 50.5% from the February 12th total of 1,609 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 670 shares, the short-interest ratio is presently 1.2 days. Based on an average daily volume of 670 shares, the short-interest ratio is presently 1.2 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Investors Weigh In On ALPS Active Equity Opportunity ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of RFFC. Elevated Capital Advisors LLC acquired a new stake in shares of ALPS Active Equity Opportunity ETF in the fourth quarter valued at about $163,000. Main Street Financial Solutions LLC acquired a new stake in ALPS Active Equity Opportunity ETF during the second quarter worth approximately $308,000. Arsenal Capital Advisors LLC purchased a new stake in shares of ALPS Active Equity Opportunity ETF in the fourth quarter valued at $450,000. Envestnet Asset Management Inc. grew its holdings in ALPS Active Equity Opportunity ETF by 10.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 11,057 shares of the company’s stock valued at $710,000 after buying an additional 1,016 shares during the period. Finally, Alps Advisors Inc. grew its holdings 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 during the period.

ALPS Active Equity Opportunity ETF Price Performance

RFFC traded down $0.29 on Friday, reaching $67.24. 42 shares of the stock were exchanged, compared to its average volume of 774. The firm has a market capitalization of $26.90 million, a PE ratio of 25.00 and a beta of 0.96. ALPS Active Equity Opportunity ETF has a fifty-two week low of $49.26 and a fifty-two week high of $71.28. The company’s 50-day moving average price is $69.51 and its 200 day moving average price is $66.70.

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.