ALPS Disruptive Technologies ETF (NYSEARCA:DTEC) Stock Short Interest Drops 98.4%

ALPS Disruptive Technologies ETF (NYSEARCA:DTEC) was the recipient of a significant decline in short interest in the month of October. As of October 30th, there was short interest totaling 13 shares, a decline of 98.4% from the October 15th total of 798 shares. Based on an average daily trading volume, of 4,190 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of DTEC. Citadel Advisors LLC acquired a new stake in ALPS Disruptive Technologies ETF in the second quarter worth $210,000. Anson Capital Inc. acquired a new position in shares of ALPS Disruptive Technologies ETF during the second quarter valued at about $212,000. Western Wealth Management LLC raised 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 purchasing an additional 377 shares during the period. Finally, Avior Wealth Management LLC bought a new position in shares of ALPS Disruptive Technologies ETF during the 3rd quarter worth about $4,859,000.

ALPS Disruptive Technologies ETF Stock Performance

Shares of ALPS Disruptive Technologies ETF stock traded down $0.41 on Tuesday, reaching $50.35. 1,208 shares of the company’s stock were exchanged, compared to its average volume of 5,800. The company has a market capitalization of $72.00 million, a P/E ratio of 26.94 and a beta of 1.14. ALPS Disruptive Technologies ETF has a 52 week low of $41.99 and a 52 week high of $53.89. The firm’s 50-day moving average is $51.40 and its two-hundred day moving average is $48.46.

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.