ALPS Level Four Large Cap Growth Active ETF (NASDAQ:LGRO) Shares Shorted: Short Interest Up 66.9% in September

ALPS Level Four Large Cap Growth Active ETF (NASDAQ:LGRO) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 6,520 shares, an increase of 66.9% from the August 31st total of 3,906 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 2,895 shares, the short-interest ratio is currently 2.3 days.

ALPS Level Four Large Cap Growth Active ETF Stock Performance

Shares of NASDAQ:LGRO traded up $0.17 during midday trading on Thursday, hitting $47.01. The company’s stock had a trading volume of 5,487 shares, compared to its average volume of 8,834. The stock’s 50 day simple moving average is $46.50 and its 200 day simple moving average is $43.20. The stock has a market capitalization of $145.26 million, a price-to-earnings ratio of 27.33 and a beta of 1.23. ALPS Level Four Large Cap Growth Active ETF has a fifty-two week low of $35.71 and a fifty-two week high of $48.18.

ALPS Level Four Large Cap Growth Active ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Thursday, September 17th were given a $0.03 dividend. The ex-dividend date of this dividend was Thursday, September 17th. This represents a $0.12 annualized dividend and a yield of 0.3%. This is a decrease from ALPS Level Four Large Cap Growth Active ETF’s previous quarterly dividend of $0.0411.

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.