ALPS Level Four Large Cap Growth Active ETF (NASDAQ:LGRO) Short Interest Up 2,631.0% in June

ALPS Level Four Large Cap Growth Active ETF (NASDAQ:LGRO) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 7,674 shares, a growth of 2,631.0% from the May 31st total of 281 shares. Based on an average daily volume of 7,936 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.3% of the company’s stock are short sold.

ALPS Level Four Large Cap Growth Active ETF Trading Up 1.3%

Shares of LGRO stock traded up $0.54 on Friday, hitting $42.63. 570 shares of the stock were exchanged, compared to its average volume of 9,816. The firm has a market capitalization of $130.45 million, a P/E ratio of 27.33 and a beta of 1.24. ALPS Level Four Large Cap Growth Active ETF has a fifty-two week low of $35.71 and a fifty-two week high of $45.26. The business has a 50-day moving average of $42.27 and a 200 day moving average of $40.57.

ALPS Level Four Large Cap Growth Active ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 24th. Shareholders of record on Thursday, June 18th were given a dividend of $0.0411 per share. This is an increase from ALPS Level Four Large Cap Growth Active ETF’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $0.16 dividend on an annualized basis and a yield of 0.4%.

ALPS Level Four Large Cap Growth Active ETF Company Profile

The Level Four Large Cap Growth Active ETF (LGRO) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed portfolio of US large cap stocks. Holdings are managed based on quantitative analysis and fundamental research, selecting those companies perceived to have favorable growth potential within their market sector. LGRO was launched on Aug 22, 2023 and is issued by SS&C.