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

ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) saw a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 22,288 shares, a growth of 37.0% from the February 12th total of 16,274 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average daily volume of 31,507 shares, the short-interest ratio is presently 0.7 days. Based on an average daily volume of 31,507 shares, the short-interest ratio is presently 0.7 days. Approximately 0.7% of the shares of the company are sold short.

Institutional Trading of ALPS Electrification Infrastructure ETF

Several large investors have recently made changes to their positions in ELFY. Tripletail Wealth Management LLC acquired a new stake in ALPS Electrification Infrastructure ETF in the 3rd quarter valued at approximately $27,000. Farther Finance Advisors LLC acquired a new position in shares of ALPS Electrification Infrastructure ETF in the 3rd quarter valued at $89,000. Harbour Investments Inc. raised its position in ALPS Electrification Infrastructure ETF by 135.8% in the fourth quarter. Harbour Investments Inc. now owns 2,728 shares of the company’s stock worth $96,000 after purchasing an additional 1,571 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in shares of ALPS Electrification Infrastructure ETF during the 4th quarter worth approximately $216,000. Finally, Noble Wealth Management PBC lifted its holdings in shares of ALPS Electrification Infrastructure ETF by 1,496.6% during the fourth quarter. Noble Wealth Management PBC now owns 7,983 shares of the company’s stock valued at $281,000 after acquiring an additional 7,483 shares during the period.

ALPS Electrification Infrastructure ETF Trading Down 0.2%

NASDAQ:ELFY traded down $0.06 during midday trading on Friday, hitting $39.51. 13,483 shares of the stock were exchanged, compared to its average volume of 41,528. The company has a market capitalization of $127.62 million, a price-to-earnings ratio of 21.95 and a beta of 1.54. ALPS Electrification Infrastructure ETF has a one year low of $25.53 and a one year high of $42.11. The business has a 50-day moving average price of $39.10 and a two-hundred day moving average price of $36.89.

ALPS Electrification Infrastructure ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Thursday, December 18th were given a $0.1186 dividend. This represents a $0.47 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, December 18th. This is an increase from ALPS Electrification Infrastructure ETF’s previous quarterly dividend of $0.10.

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.