ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) Sees Significant Growth in Short Interest

ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) saw a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 21,033 shares, a growth of 89.8% from the June 15th total of 11,084 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 44,096 shares, the short-interest ratio is currently 0.5 days.

ALPS Electrification Infrastructure ETF Price Performance

Shares of NASDAQ:ELFY traded down $0.12 during midday trading on Friday, reaching $41.42. The company’s stock had a trading volume of 4,776 shares, compared to its average volume of 42,632. The business’s fifty day simple moving average is $43.85 and its 200-day simple moving average is $41.20. ALPS Electrification Infrastructure ETF has a fifty-two week low of $32.60 and a fifty-two week high of $45.92. The company has a market capitalization of $197.99 million, a P/E ratio of 21.95 and a beta of 0.87.

ALPS Electrification Infrastructure ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Shareholders of record on Thursday, June 18th were issued a dividend of $0.1065 per share. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $0.43 dividend on an annualized basis and a yield of 1.0%. This is an increase from ALPS Electrification Infrastructure ETF’s previous quarterly dividend of $0.10.

Hedge Funds Weigh In On ALPS Electrification Infrastructure ETF

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

About ALPS Electrification Infrastructure ETF

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.