ALPS Disruptive Technologies ETF (NYSEARCA:DTEC) Sees Significant Decline in Short Interest

ALPS Disruptive Technologies ETF (NYSEARCA:DTEC) was the target of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 357 shares, a decline of 65.5% from the April 15th total of 1,035 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 3,902 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On ALPS Disruptive Technologies ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Torrey Payne Wealth Management LLC acquired a new position in ALPS Disruptive Technologies ETF in the 4th quarter valued at $338,000. Cetera Investment Advisers raised its holdings in ALPS Disruptive Technologies ETF by 2.9% in the 4th quarter. Cetera Investment Advisers now owns 127,549 shares of the company’s stock valued at $6,196,000 after acquiring an additional 3,574 shares in the last quarter. Wells Fargo & Company MN raised its holdings in ALPS Disruptive Technologies ETF by 19.8% in the 4th quarter. Wells Fargo & Company MN now owns 8,484 shares of the company’s stock valued at $412,000 after acquiring an additional 1,402 shares in the last quarter. Jane Street Group LLC raised its holdings in ALPS Disruptive Technologies ETF by 36.3% in the 4th quarter. Jane Street Group LLC now owns 7,300 shares of the company’s stock valued at $355,000 after acquiring an additional 1,943 shares in the last quarter. Finally, Rossmore Private Capital raised its holdings in ALPS Disruptive Technologies ETF by 38.9% in the 4th quarter. Rossmore Private Capital now owns 7,546 shares of the company’s stock valued at $367,000 after acquiring an additional 2,113 shares in the last quarter.

ALPS Disruptive Technologies ETF Price Performance

DTEC traded up $0.17 during trading on Friday, hitting $46.78. The stock had a trading volume of 6,146 shares, compared to its average volume of 5,310. The firm has a market cap of $70.17 million, a price-to-earnings ratio of 29.18 and a beta of 1.13. The company has a 50 day moving average price of $44.98 and a 200-day moving average price of $47.22. ALPS Disruptive Technologies ETF has a one year low of $41.99 and a one year high of $52.97.

ALPS Disruptive Technologies ETF Company Profile

The ALPS Disruptive Technologies ETF (DTEC) is an exchange-traded fund that is based on the Indxx Disruptive Technologies index. The fund tracks an index of 100 global companies that are involved in disruptive technologies across 10 themes. DTEC was launched on Dec 29, 2017 and is managed by ALPS.