ALPS Level Four Large Cap Growth Active ETF (NASDAQ:LGRO) Sees Large Drop in Short Interest

ALPS Level Four Large Cap Growth Active ETF (NASDAQ:LGRO) saw a significant decline in short interest in May. As of May 29th, there was short interest totaling 281 shares, a decline of 96.7% from the May 14th total of 8,488 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 2,671 shares, the short-interest ratio is presently 0.1 days.

ALPS Level Four Large Cap Growth Active ETF Trading Down 0.6%

NASDAQ LGRO traded down $0.27 on Wednesday, hitting $42.48. 3,862 shares of the company traded hands, compared to its average volume of 10,189. The company has a market capitalization of $129.99 million, a price-to-earnings ratio of 27.33 and a beta of 1.24. The business’s 50 day moving average price is $40.99 and its 200-day moving average price is $40.36. ALPS Level Four Large Cap Growth Active ETF has a 52-week low of $34.93 and a 52-week high of $45.26.

ALPS Level Four Large Cap Growth Active ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Thursday, March 19th were given a $0.032 dividend. This represents a $0.13 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Thursday, March 19th.

ALPS Level Four Large Cap Growth Active ETF Company Profile

The Level Four Large Cap Growth Active ETF (LGRO) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed portfolio of US large cap stocks. Holdings are managed based on quantitative analysis and fundamental research, selecting those companies perceived to have favorable growth potential within their market sector. LGRO was launched on Aug 22, 2023 and is issued by SS&C.