ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) Stock Short Interest Jumps 65.1%

ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 3,473 shares, a growth of 65.1% from the September 15th total of 2,103 shares. Based on an average daily trading volume, of 21,043 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada acquired a new stake in shares of ALPS Electrification Infrastructure ETF during the first quarter worth $118,000. Wellington Grp LLC acquired a new position in ALPS Electrification Infrastructure ETF in the 2nd quarter worth $235,000. Sanctuary Advisors LLC acquired a new position in ALPS Electrification Infrastructure ETF in the 1st quarter worth $206,000. NewEdge Advisors LLC acquired a new position in ALPS Electrification Infrastructure ETF in the 1st quarter worth $236,000. Finally, Silver Oak Securities Incorporated bought a new position in ALPS Electrification Infrastructure ETF during the 1st quarter worth about $265,000.

ALPS Electrification Infrastructure ETF Price Performance

Shares of ALPS Electrification Infrastructure ETF stock opened at $37.95 on Friday. The business has a 50-day moving average of $40.23 and a two-hundred day moving average of $41.93. ALPS Electrification Infrastructure ETF has a 1 year low of $34.31 and a 1 year high of $45.92. The company has a market capitalization of $186.33 million, a P/E ratio of 21.95 and a beta of 1.03.

ALPS Electrification Infrastructure ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Thursday, September 17th were paid a $0.1104 dividend. The ex-dividend date of this dividend was Thursday, September 17th. This is an increase from ALPS Electrification Infrastructure ETF’s previous quarterly dividend of $0.1065. This represents a $0.44 dividend on an annualized basis and a yield of 1.2%.

ALPS Electrification Infrastructure ETF Company Profile

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.