ALPS Active Equity Opportunity ETF (NYSEARCA:RFFC – Get Free Report) was the recipient of a large drop in short interest in October. As of October 30th, there was short interest totaling 185 shares, a drop of 71.0% from the October 15th total of 637 shares. Based on an average daily volume of 202 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.0% of the company’s stock are sold short.
ALPS Active Equity Opportunity ETF Trading Down 0.1%
RFFC stock traded down $0.05 during midday trading on Friday, hitting $76.18. 57 shares of the company’s stock were exchanged, compared to its average volume of 987. ALPS Active Equity Opportunity ETF has a 12-month low of $64.05 and a 12-month high of $77.75. The firm has a 50 day moving average price of $76.64 and a 200-day moving average price of $73.43. The stock has a market capitalization of $30.47 million, a price-to-earnings ratio of 24.71 and a beta of 0.94.
Institutional Trading of ALPS Active Equity Opportunity ETF
A number of hedge funds have recently made changes to their positions in the stock. Tenzing Financial LLC bought a new stake in shares of ALPS Active Equity Opportunity ETF during the 2nd quarter valued at about $218,000. Envestnet Asset Management Inc. raised its stake in ALPS Active Equity Opportunity ETF by 14.0% during the second quarter. Envestnet Asset Management Inc. now owns 12,571 shares of the company’s stock worth $948,000 after acquiring an additional 1,543 shares during the period. Finally, Alps Advisors Inc. acquired a new stake in ALPS Active Equity Opportunity ETF during the third quarter worth about $15,113,000.
About ALPS Active Equity Opportunity ETF
The RiverFront Dynamic US Flex-Cap ETF (RFFC) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed fund of US stocks selected on the basis of multiple factors such as value, quality, and momentum. RFFC was launched on Jun 7, 2016 and is managed by RiverFront.
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