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

ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 1,838 shares, a decrease of 47.1% from the September 30th total of 3,473 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 28,551 shares, the short-interest ratio is currently 0.1 days.

ALPS Electrification Infrastructure ETF Stock Down 2.1%

ELFY traded down $0.82 during trading on Friday, reaching $37.73. The company’s stock had a trading volume of 108,837 shares, compared to its average volume of 39,612. The firm has a fifty day simple moving average of $39.27 and a two-hundred day simple moving average of $41.05. ALPS Electrification Infrastructure ETF has a 1 year low of $34.31 and a 1 year high of $45.92. The company has a market cap of $166.39 million, a price-to-earnings ratio of 21.95 and a beta of 1.03.

ALPS Electrification Infrastructure ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Thursday, September 17th were given a $0.1104 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.2%. This is a boost from ALPS Electrification Infrastructure ETF’s previous quarterly dividend of $0.1065. The ex-dividend date was Thursday, September 17th.

Hedge Funds Weigh In On ALPS Electrification Infrastructure ETF

Institutional investors have recently added to or reduced their stakes in the stock. Noble Wealth Management PBC lifted its position in ALPS Electrification Infrastructure ETF by 11.3% during the third quarter. Noble Wealth Management PBC now owns 7,781 shares of the company’s stock worth $300,000 after buying an additional 791 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in ALPS Electrification Infrastructure ETF by 125.8% during the second quarter. Envestnet Asset Management Inc. now owns 20,815 shares of the company’s stock worth $935,000 after buying an additional 11,598 shares during the last quarter. NewEdge Advisors LLC grew its holdings in ALPS Electrification Infrastructure ETF by 578.8% in the 2nd 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 in the last quarter. Wellington Grp LLC purchased a new stake in ALPS Electrification Infrastructure ETF in the 2nd quarter valued at $235,000. Finally, Redhawk Wealth Advisors Inc. grew its holdings in ALPS Electrification Infrastructure ETF by 71.2% in the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 246,250 shares of the company’s stock valued at $11,067,000 after buying an additional 102,450 shares in the last quarter.

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.