ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) Short Interest Down 62.1% in July

ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) saw a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 7,972 shares, a decrease of 62.1% from the June 30th total of 21,033 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 66,523 shares, the days-to-cover ratio is presently 0.1 days.

ALPS Electrification Infrastructure ETF Stock Performance

Shares of ALPS Electrification Infrastructure ETF stock opened at $41.53 on Monday. The stock has a market capitalization of $192.70 million, a price-to-earnings ratio of 21.95 and a beta of 0.87. ALPS Electrification Infrastructure ETF has a twelve month low of $33.11 and a twelve month high of $45.92. The business’s 50 day simple moving average is $43.52 and its 200-day simple moving average is $41.46.

ALPS Electrification Infrastructure ETF Increases Dividend

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

Institutional Investors Weigh In On ALPS Electrification Infrastructure ETF

Hedge funds have recently added to or reduced their stakes in the stock. Brookwood Investment Group LLC acquired a new stake in shares of ALPS Electrification Infrastructure ETF in the 4th quarter worth about $2,875,000. Farther Finance Advisors LLC boosted its stake in ALPS Electrification Infrastructure ETF by 904.2% during the 4th quarter. Farther Finance Advisors LLC now owns 25,034 shares of the company’s stock valued at $881,000 after purchasing an additional 22,541 shares during the period. Thrivent Financial for Lutherans boosted its stake in ALPS Electrification Infrastructure ETF by 6,816.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 592,370 shares of the company’s stock valued at $20,851,000 after purchasing an additional 583,805 shares during the period. Redhawk Wealth Advisors Inc. bought a new position in ALPS Electrification Infrastructure ETF in the 4th quarter worth about $3,468,000. Finally, BXM Wealth LLC bought a new position in ALPS Electrification Infrastructure ETF in the 4th quarter worth about $470,000.

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.