ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) Short Interest Down 32.0% in December

ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) was the target of a large drop in short interest in December. As of December 31st, there was short interest totaling 7,322 shares, a drop of 32.0% from the December 15th total of 10,772 shares. Based on an average daily trading volume, of 19,614 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are sold short. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 19,614 shares, the short-interest ratio is presently 0.4 days.

ALPS Electrification Infrastructure ETF Stock Up 0.6%

Shares of NASDAQ ELFY traded up $0.24 during trading hours on Friday, hitting $37.78. 37,663 shares of the stock were exchanged, compared to its average volume of 54,224. The firm has a fifty day moving average price of $35.94 and a 200-day moving average price of $35.08. ALPS Electrification Infrastructure ETF has a 12 month low of $25.53 and a 12 month high of $38.00. The company has a market cap of $113.72 million, a PE ratio of 21.95 and a beta of 1.54.

ALPS Electrification Infrastructure ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Thursday, December 18th were issued a $0.1186 dividend. The ex-dividend date of this dividend was Thursday, December 18th. This is a positive change from ALPS Electrification Infrastructure ETF’s previous quarterly dividend of $0.10. This represents a $0.47 dividend on an annualized basis and a dividend yield of 1.3%.

Hedge Funds Weigh In On ALPS Electrification Infrastructure ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Tripletail Wealth Management LLC acquired a new stake in ALPS Electrification Infrastructure ETF in the third quarter valued at $27,000. Farther Finance Advisors LLC purchased a new position in shares of ALPS Electrification Infrastructure ETF in the 3rd quarter valued at about $89,000. Noble Wealth Management PBC lifted its stake in shares of ALPS Electrification Infrastructure ETF by 1,496.6% in the fourth quarter. Noble Wealth Management PBC now owns 7,983 shares of the company’s stock valued at $281,000 after purchasing an additional 7,483 shares during the period. Susquehanna International Group LLP purchased a new stake in ALPS Electrification Infrastructure ETF during the third quarter worth about $390,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in ALPS Electrification Infrastructure ETF during the fourth quarter worth about $749,000.

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.