ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) Stock Short Interest Report for October

ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) saw a significant growth in short interest in October. As of October 30th, there was short interest totaling 38,171 shares, a growth of 1,976.8% from the October 15th total of 1,838 shares. Based on an average daily volume of 66,241 shares, the short-interest ratio is currently 0.6 days. Approximately 0.9% of the shares of the stock are short sold.

Hedge Funds Weigh In On ALPS Electrification Infrastructure ETF

Hedge funds have recently added to or reduced their stakes in the company. Harbour Investments Inc. bought a new stake in ALPS Electrification Infrastructure ETF during the 3rd quarter worth about $113,000. Royal Bank of Canada acquired a new stake in shares of ALPS Electrification Infrastructure ETF during the 1st quarter worth approximately $118,000. Silver Oak Securities Incorporated acquired a new stake in shares of ALPS Electrification Infrastructure ETF during the 3rd quarter worth approximately $203,000. Sanctuary Advisors LLC bought a new stake in shares of ALPS Electrification Infrastructure ETF during the first quarter worth approximately $206,000. Finally, Wellington Grp LLC bought a new stake in shares of ALPS Electrification Infrastructure ETF during the second quarter worth approximately $235,000.

ALPS Electrification Infrastructure ETF Stock Up 0.6%

ELFY stock traded up $0.24 during trading on Thursday, hitting $37.71. The company had a trading volume of 1,726 shares, compared to its average volume of 38,607. The firm has a 50-day moving average price of $38.64 and a 200-day moving average price of $41.03. ALPS Electrification Infrastructure ETF has a 12 month low of $34.31 and a 12 month high of $45.92. The stock has a market cap of $162.15 million, a price-to-earnings ratio of 22.21 and a beta of 1.04.

ALPS Electrification Infrastructure ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Thursday, September 17th were paid a dividend of $0.1104 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.2%. This is a boost from ALPS Electrification Infrastructure ETF’s previous quarterly dividend of $0.1065. The ex-dividend date of this dividend was Thursday, September 17th.

About ALPS Electrification Infrastructure ETF

The ALPS Electrification Infrastructure ETF is an exchange-traded fund that seeks to provide investment results that correspond generally to the performance of the underlying index, which focuses on companies involved in the electrification infrastructure sector.