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

ALPS Disruptive Technologies ETF (NYSEARCA:DTEC) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 27,046 shares, a growth of 5,298.4% from the August 31st total of 501 shares. Based on an average daily trading volume, of 12,001 shares, the short-interest ratio is presently 2.3 days. Currently, 1.9% of the company’s stock are sold short.

ALPS Disruptive Technologies ETF Stock Down 0.1%

NYSEARCA:DTEC opened at $51.51 on Friday. The stock has a market capitalization of $73.14 million, a price-to-earnings ratio of 29.18 and a beta of 1.14. ALPS Disruptive Technologies ETF has a 52 week low of $41.99 and a 52 week high of $53.89. The firm has a 50 day moving average of $51.31 and a 200 day moving average of $48.24.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DTEC. Torrey Payne Wealth Management LLC acquired a new position in shares of ALPS Disruptive Technologies ETF during the fourth quarter valued at about $338,000. Western Wealth Management LLC increased its stake in ALPS Disruptive Technologies ETF by 7.0% during the 1st quarter. Western Wealth Management LLC now owns 5,735 shares of the company’s stock valued at $248,000 after purchasing an additional 377 shares in the last quarter. Anson Capital Inc. purchased a new position in shares of ALPS Disruptive Technologies ETF in the second quarter worth $212,000. Finally, Citadel Advisors LLC purchased a new position in shares of ALPS Disruptive Technologies ETF in the second quarter worth $210,000.

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.