Short Interest in ALPS Dynamic US Dividend Advantage ETF (NYSEARCA:RFDA) Drops By 38.4%

ALPS Dynamic US Dividend Advantage ETF (NYSEARCA:RFDA) was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 258 shares, a decrease of 38.4% from the July 15th total of 419 shares. Based on an average trading volume of 1,972 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

ALPS Dynamic US Dividend Advantage ETF Price Performance

Shares of ALPS Dynamic US Dividend Advantage ETF stock traded up $0.12 during trading on Tuesday, hitting $73.97. The company’s stock had a trading volume of 17,508 shares, compared to its average volume of 3,196. ALPS Dynamic US Dividend Advantage ETF has a 52 week low of $59.60 and a 52 week high of $74.08. The stock has a market cap of $90.98 million, a price-to-earnings ratio of 18.60 and a beta of 0.87. The stock has a 50-day moving average price of $71.37 and a two-hundred day moving average price of $67.74.

About ALPS Dynamic US Dividend Advantage ETF

The RiverFront Dynamic US Dividend Advantage ETF (RFDA) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed fund that invests in US-domiciled companies with higher dividend yields than their peers within the same sector, among other factors. RFDA was launched on Jun 7, 2016 and is managed by RiverFront.