ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) Short Interest Update

ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 4,517 shares, a decline of 80.0% from the August 15th total of 22,631 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 28,641 shares, the days-to-cover ratio is presently 0.2 days.

ALPS Electrification Infrastructure ETF Stock Up 0.7%

ELFY stock opened at $40.31 on Friday. ALPS Electrification Infrastructure ETF has a twelve month low of $34.31 and a twelve month high of $45.92. The stock has a market capitalization of $190.26 million, a price-to-earnings ratio of 21.95 and a beta of 0.98. The firm’s fifty day simple moving average is $41.56 and its two-hundred day simple moving average is $42.12.

ALPS Electrification Infrastructure ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Thursday, June 18th were paid 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 dividend yield of 1.1%. This is a boost from ALPS Electrification Infrastructure ETF’s previous quarterly dividend of $0.10.

Institutional Trading of ALPS Electrification Infrastructure ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Harbour Investments Inc. boosted its position in shares of ALPS Electrification Infrastructure ETF by 135.8% during the fourth quarter. Harbour Investments Inc. now owns 2,728 shares of the company’s stock valued at $96,000 after buying an additional 1,571 shares during the period. Royal Bank of Canada bought a new position in shares of ALPS Electrification Infrastructure ETF during the first quarter valued at approximately $118,000. Sanctuary Advisors LLC purchased a new stake in shares of ALPS Electrification Infrastructure ETF in the first quarter worth approximately $206,000. Janney Montgomery Scott LLC bought a new stake in shares of ALPS Electrification Infrastructure ETF during the 4th quarter worth approximately $216,000. Finally, Wellington Grp LLC bought a new stake in shares of ALPS Electrification Infrastructure ETF during the 2nd quarter worth approximately $235,000.

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.