Short Interest in ALPS Level Four Large Cap Growth Active ETF (NASDAQ:LGRO) Declines By 54.6%

ALPS Level Four Large Cap Growth Active ETF (NASDAQ:LGRO) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 3,906 shares, a decrease of 54.6% from the August 15th total of 8,611 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 2,853 shares, the days-to-cover ratio is currently 1.4 days.

ALPS Level Four Large Cap Growth Active ETF Stock Performance

NASDAQ:LGRO traded down $0.26 during midday trading on Tuesday, reaching $46.24. 9,349 shares of the stock traded hands, compared to its average volume of 8,768. The stock has a market capitalization of $184.91 million, a PE ratio of 27.33 and a beta of 1.23. ALPS Level Four Large Cap Growth Active ETF has a 12-month low of $35.71 and a 12-month high of $48.18. The business has a 50-day moving average of $45.92 and a two-hundred day moving average of $42.57.

ALPS Level Four Large Cap Growth Active ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Thursday, June 18th were issued a dividend of $0.0411 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. This is a boost from ALPS Level Four Large Cap Growth Active ETF’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Thursday, June 18th.

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.