ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) Sees Significant Increase in Short Interest

ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 41,951 shares, an increase of 387.5% from the April 15th total of 8,605 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average daily volume of 42,386 shares, the days-to-cover ratio is presently 1.0 days.

ALPS Electrification Infrastructure ETF Stock Down 2.3%

Shares of ELFY traded down $1.02 on Friday, hitting $43.94. The company’s stock had a trading volume of 7,636 shares, compared to its average volume of 37,996. The firm’s fifty day moving average price is $41.37 and its 200-day moving average price is $38.73. ALPS Electrification Infrastructure ETF has a fifty-two week low of $29.76 and a fifty-two week high of $45.11. The firm has a market capitalization of $181.91 million, a price-to-earnings ratio of 21.95 and a beta of 1.56.

ALPS Electrification Infrastructure ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Thursday, March 19th were issued a $0.1046 dividend. This represents a $0.42 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Thursday, March 19th.

Institutional Investors Weigh In On ALPS Electrification Infrastructure ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Redhawk Wealth Advisors Inc. acquired a new position in ALPS Electrification Infrastructure ETF in the 4th quarter worth $3,468,000. Brookwood Investment Group LLC bought a new stake in shares of ALPS Electrification Infrastructure ETF in the fourth quarter valued at about $2,875,000. Farther Finance Advisors LLC lifted its holdings in shares of ALPS Electrification Infrastructure ETF by 904.2% in the fourth quarter. Farther Finance Advisors LLC now owns 25,034 shares of the company’s stock valued at $881,000 after purchasing an additional 22,541 shares in the last quarter. BXM Wealth LLC acquired a new position in shares of ALPS Electrification Infrastructure ETF during the fourth quarter worth about $470,000. Finally, Alps Advisors Inc. acquired a new position in shares of ALPS Electrification Infrastructure ETF during the third quarter worth about $4,610,000.

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.