ALPS Disruptive Technologies ETF (NYSEARCA:DTEC) Sees Large Decrease in Short Interest

ALPS Disruptive Technologies ETF (NYSEARCA:DTEC) was the target of a large drop in short interest in September. As of September 30th, there was short interest totaling 16,932 shares, a drop of 37.4% from the September 15th total of 27,046 shares. Based on an average trading volume of 2,403 shares, the days-to-cover ratio is presently 7.0 days. Currently, 1.2% of the company’s stock are short sold.

ALPS Disruptive Technologies ETF Stock Performance

DTEC traded down $1.23 during midday trading on Friday, reaching $50.48. 873 shares of the company were exchanged, compared to its average volume of 5,950. The company’s fifty day moving average price is $51.92 and its 200 day moving average price is $48.98. The company has a market cap of $71.68 million, a price-to-earnings ratio of 29.18 and a beta of 1.15. ALPS Disruptive Technologies ETF has a one year low of $41.99 and a one year high of $53.89.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of DTEC. Citadel Advisors LLC purchased a new position in shares of ALPS Disruptive Technologies ETF during the second quarter valued at approximately $210,000. Anson Capital Inc. purchased a new stake in ALPS Disruptive Technologies ETF in the 2nd quarter valued at $212,000. Western Wealth Management LLC raised its position in ALPS Disruptive Technologies ETF by 7.0% in the 1st quarter. Western Wealth Management LLC now owns 5,735 shares of the company’s stock valued at $248,000 after buying an additional 377 shares during the last quarter. Torrey Payne Wealth Management LLC bought a new position in ALPS Disruptive Technologies ETF during the 4th quarter valued at $338,000. Finally, Avior Wealth Management LLC bought a new position in ALPS Disruptive Technologies ETF during the 3rd quarter valued at $4,859,000.

ALPS Disruptive Technologies ETF Company Profile

The ALPS Disruptive Technologies ETF (DTEC) is an exchange-traded fund that is based on the Indxx Disruptive Technologies index. The fund tracks an index of 100 global companies that are involved in disruptive technologies across 10 themes. DTEC was launched on Dec 29, 2017 and is managed by ALPS.