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

ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 4,517 shares, a decline of 80.0% from the August 15th total of 22,631 shares. Based on an average daily volume of 28,641 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

ALPS Electrification Infrastructure ETF Stock Performance

Shares of NASDAQ ELFY traded up $0.23 during midday trading on Friday, hitting $40.24. 22,508 shares of the stock traded hands, compared to its average volume of 40,075. The firm has a 50-day moving average of $41.50 and a two-hundred day moving average of $42.11. The firm has a market capitalization of $189.93 million, a P/E ratio of 21.95 and a beta of 0.98. ALPS Electrification Infrastructure ETF has a one year low of $34.31 and a one year high of $45.92.

ALPS Electrification Infrastructure ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Thursday, June 18th were given a dividend of $0.1065 per share. This represents a $0.43 dividend on an annualized basis and a yield of 1.1%. This is a boost from ALPS Electrification Infrastructure ETF’s previous quarterly dividend of $0.10. The ex-dividend date was Thursday, June 18th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ELFY. Thrivent Financial for Lutherans grew its stake in shares of ALPS Electrification Infrastructure ETF by 6,816.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 592,370 shares of the company’s stock valued at $20,851,000 after purchasing an additional 583,805 shares during the period. Redhawk Wealth Advisors Inc. boosted its holdings in shares of ALPS Electrification Infrastructure ETF by 71.2% in the second quarter. Redhawk Wealth Advisors Inc. now owns 246,250 shares of the company’s stock worth $11,067,000 after buying an additional 102,450 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in shares of ALPS Electrification Infrastructure ETF by 565.8% in the fourth quarter. Osaic Holdings Inc. now owns 49,879 shares of the company’s stock worth $1,756,000 after buying an additional 42,387 shares during the last quarter. NewEdge Advisors LLC grew its position in ALPS Electrification Infrastructure ETF by 578.8% during the second quarter. NewEdge Advisors LLC now owns 40,678 shares of the company’s stock valued at $1,828,000 after buying an additional 34,685 shares during the period. Finally, Citadel Advisors LLC bought a new stake in ALPS Electrification Infrastructure ETF during the third quarter valued at approximately $780,000.

About ALPS Electrification Infrastructure ETF

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.