ALPS Disruptive Technologies ETF (NYSEARCA:DTEC) Shares Shorted: Short Interest Down 37.4% in September

ALPS Disruptive Technologies ETF (NYSEARCA:DTEC) was the target of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 16,932 shares, a decrease of 37.4% from the September 15th total of 27,046 shares. Based on an average daily trading volume, of 2,403 shares, the days-to-cover ratio is currently 7.0 days. Currently, 1.2% of the company’s stock are short sold.

Hedge Funds Weigh In On ALPS Disruptive Technologies ETF

Institutional investors have recently modified their holdings of the company. Avior Wealth Management LLC acquired a new stake in ALPS Disruptive Technologies ETF in the 3rd quarter valued at $4,859,000. Torrey Payne Wealth Management LLC acquired a new position in ALPS Disruptive Technologies ETF during the fourth quarter worth $338,000. Anson Capital Inc. bought a new position in shares of ALPS Disruptive Technologies ETF in the second quarter valued at $212,000. Citadel Advisors LLC acquired a new position in shares of ALPS Disruptive Technologies ETF during the second quarter valued at about $210,000. Finally, Western Wealth Management LLC grew its holdings in shares of ALPS Disruptive Technologies ETF by 7.0% during the first quarter. Western Wealth Management LLC now owns 5,735 shares of the company’s stock valued at $248,000 after buying an additional 377 shares during the last quarter.

ALPS Disruptive Technologies ETF Stock Down 2.4%

NYSEARCA:DTEC traded down $1.23 on Friday, hitting $50.48. The stock had a trading volume of 873 shares, compared to its average volume of 5,950. The business’s fifty day moving average is $51.92 and its 200 day moving average is $48.98. The company has a market cap of $71.68 million, a PE ratio of 29.18 and a beta of 1.15. ALPS Disruptive Technologies ETF has a 52 week low of $41.99 and a 52 week high of $53.89.

About ALPS Disruptive Technologies ETF

The ALPS Disruptive Technologies ETF (DTEC) is an exchange-traded fund that is based on the Indxx Disruptive Technologies index. The fund tracks an index of 100 global companies that are involved in disruptive technologies across 10 themes. DTEC was launched on Dec 29, 2017 and is managed by ALPS.