ALPS Active Equity Opportunity ETF (NYSEARCA:RFFC) Sees Significant Decrease in Short Interest

ALPS Active Equity Opportunity ETF (NYSEARCA:RFFC) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 291 shares, a decrease of 87.5% from the August 31st total of 2,321 shares. Based on an average daily volume of 1,664 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

ALPS Active Equity Opportunity ETF Stock Performance

Shares of ALPS Active Equity Opportunity ETF stock traded up $0.32 during trading on Friday, hitting $77.27. 89 shares of the stock traded hands, compared to its average volume of 1,060. The stock has a market cap of $30.91 million, a P/E ratio of 25.00 and a beta of 0.94. ALPS Active Equity Opportunity ETF has a twelve month low of $63.01 and a twelve month high of $77.69. The company has a fifty day moving average price of $76.22 and a two-hundred day moving average price of $73.32.

Hedge Funds Weigh In On ALPS Active Equity Opportunity ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RFFC. Envestnet Asset Management Inc. increased its stake in shares of ALPS Active Equity Opportunity ETF by 14.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 12,571 shares of the company’s stock worth $948,000 after purchasing an additional 1,543 shares during the last quarter. Arsenal Capital Advisors LLC bought a new position in shares of ALPS Active Equity Opportunity ETF during the 4th quarter valued at $450,000. Finally, Tenzing Financial LLC acquired a new stake in shares of ALPS Active Equity Opportunity ETF in the 2nd quarter valued at $218,000.

About ALPS Active Equity Opportunity ETF

The RiverFront Dynamic US Flex-Cap ETF (RFFC) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed fund of US stocks selected on the basis of multiple factors such as value, quality, and momentum. RFFC was launched on Jun 7, 2016 and is managed by RiverFront.