ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) Short Interest Update

ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) was the target of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 11,084 shares, a decline of 76.2% from the May 31st total of 46,567 shares. Based on an average daily trading volume, of 52,088 shares, the short-interest ratio is presently 0.2 days. Approximately 0.3% of the company’s shares are short sold.

Institutional Trading of ALPS Electrification Infrastructure ETF

Several large investors have recently bought and sold shares of the stock. Harbour Investments Inc. increased its stake in ALPS Electrification Infrastructure ETF by 135.8% during the 4th quarter. Harbour Investments Inc. now owns 2,728 shares of the company’s stock valued at $96,000 after purchasing an additional 1,571 shares in the last quarter. Royal Bank of Canada purchased a new stake in shares of ALPS Electrification Infrastructure ETF during the first quarter valued at $118,000. Sanctuary Advisors LLC acquired a new position in shares of ALPS Electrification Infrastructure ETF in the 1st quarter valued at $206,000. NewEdge Advisors LLC acquired a new position in shares of ALPS Electrification Infrastructure ETF in the 1st quarter valued at $236,000. Finally, Janney Montgomery Scott LLC acquired a new position in shares of ALPS Electrification Infrastructure ETF in the 4th quarter valued at $216,000.

ALPS Electrification Infrastructure ETF Trading Up 0.6%

Shares of ELFY traded up $0.27 during midday trading on Monday, reaching $44.63. 29,240 shares of the stock were exchanged, compared to its average volume of 40,630. The company has a market capitalization of $184.77 million, a P/E ratio of 21.95 and a beta of 0.87. The company’s 50 day moving average is $43.89 and its two-hundred day moving average is $40.48. ALPS Electrification Infrastructure ETF has a 52 week low of $31.61 and a 52 week high of $45.92.

ALPS Electrification Infrastructure ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Thursday, June 18th were paid a dividend of $0.1065 per share. The ex-dividend date was Thursday, June 18th. This is a positive change from ALPS Electrification Infrastructure ETF’s previous quarterly dividend of $0.10. This represents a $0.43 dividend on an annualized basis and a dividend yield of 1.0%.

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.