ALPS Active Equity Opportunity ETF (NYSEARCA:RFFC) Sees Significant Drop in Short Interest

ALPS Active Equity Opportunity ETF (NYSEARCA:RFFC) was the target of a large decrease in short interest in February. As of February 27th, there was short interest totaling 796 shares, a decrease of 50.5% from the February 12th total of 1,609 shares. Based on an average daily trading volume, of 670 shares, the days-to-cover ratio is presently 1.2 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 670 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Investors Weigh In On ALPS Active Equity Opportunity ETF

Large investors have recently modified their holdings of the business. Elevated Capital Advisors LLC bought a new stake in shares of ALPS Active Equity Opportunity ETF in the 4th quarter valued at about $163,000. Main Street Financial Solutions LLC bought a new position in shares of ALPS Active Equity Opportunity ETF during the second quarter valued at approximately $308,000. Arsenal Capital Advisors LLC purchased a new position in ALPS Active Equity Opportunity ETF during the fourth quarter valued at approximately $450,000. Envestnet Asset Management Inc. increased its holdings in ALPS Active Equity Opportunity ETF by 10.1% during the third quarter. Envestnet Asset Management Inc. now owns 11,057 shares of the company’s stock valued at $710,000 after buying an additional 1,016 shares during the period. Finally, Alps Advisors Inc. raised its stake in ALPS Active Equity Opportunity ETF by 7.6% in the fourth quarter. Alps Advisors Inc. now owns 165,685 shares of the company’s stock worth $11,112,000 after buying an additional 11,730 shares in the last quarter.

ALPS Active Equity Opportunity ETF Trading Down 1.4%

Shares of ALPS Active Equity Opportunity ETF stock traded down $0.94 during trading on Thursday, hitting $67.53. 1,142 shares of the stock traded hands, compared to its average volume of 790. The stock’s fifty day simple moving average is $69.52 and its 200 day simple moving average is $66.64. The firm has a market cap of $27.01 million, a P/E ratio of 25.00 and a beta of 0.96. ALPS Active Equity Opportunity ETF has a 52-week low of $49.26 and a 52-week high of $71.28.

ALPS Active Equity Opportunity ETF Company Profile

The RiverFront Dynamic US Flex-Cap ETF (RFFC) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed fund of US stocks selected on the basis of multiple factors such as value, quality, and momentum. RFFC was launched on Jun 7, 2016 and is managed by RiverFront.