ALPS Dynamic US Dividend Advantage ETF (NYSEARCA:RFDA) Sees Large Growth in Short Interest

ALPS Dynamic US Dividend Advantage ETF (NYSEARCA:RFDA) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 290 shares, an increase of 102.8% from the August 15th total of 143 shares. Based on an average trading volume of 3,318 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

ALPS Dynamic US Dividend Advantage ETF Price Performance

Shares of NYSEARCA:RFDA traded down $0.05 during midday trading on Tuesday, hitting $72.83. The company had a trading volume of 1,556 shares, compared to its average volume of 3,055. ALPS Dynamic US Dividend Advantage ETF has a 12-month low of $61.13 and a 12-month high of $74.21. The company has a fifty day moving average of $72.73 and a two-hundred day moving average of $69.04. The company has a market cap of $89.58 million, a price-to-earnings ratio of 18.60 and a beta of 0.87.

About ALPS Dynamic US Dividend Advantage ETF

The RiverFront Dynamic US Dividend Advantage ETF (RFDA) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed fund that invests in US-domiciled companies with higher dividend yields than their peers within the same sector, among other factors. RFDA was launched on Jun 7, 2016 and is managed by RiverFront.