ALPS Disruptive Technologies ETF (NYSEARCA:DTEC) Shares Shorted: Short Interest Down 95.3% in October

ALPS Disruptive Technologies ETF (NYSEARCA:DTEC) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 798 shares, a decrease of 95.3% from the September 30th total of 16,932 shares. Based on an average trading volume of 12,367 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Hedge Funds Weigh In On ALPS Disruptive Technologies ETF

Hedge funds have recently added to or reduced their stakes in the stock. Avior Wealth Management LLC bought a new stake in ALPS Disruptive Technologies ETF in the 3rd quarter worth about $4,859,000. Western Wealth Management LLC grew its stake in ALPS Disruptive Technologies ETF by 7.0% in the 1st quarter. Western Wealth Management LLC now owns 5,735 shares of the company’s stock valued at $248,000 after purchasing an additional 377 shares during the period. Anson Capital Inc. purchased a new stake in shares of ALPS Disruptive Technologies ETF during the 2nd quarter valued at $212,000. Finally, Citadel Advisors LLC purchased a new stake in shares of ALPS Disruptive Technologies ETF during the 2nd quarter valued at $210,000.

ALPS Disruptive Technologies ETF Price Performance

Shares of DTEC traded down $0.15 during trading hours on Wednesday, hitting $52.31. The stock had a trading volume of 4,188 shares, compared to its average volume of 5,776. ALPS Disruptive Technologies ETF has a 1-year low of $41.99 and a 1-year high of $53.89. The firm has a 50 day simple moving average of $51.75 and a 200-day simple moving average of $48.38. The firm has a market capitalization of $74.29 million, a P/E ratio of 29.18 and a beta of 1.15.

ALPS Disruptive Technologies ETF Company Profile

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.