Short Interest in ALPS Active Equity Opportunity ETF (NYSEARCA:RFFC) Grows By 3,138.0%

ALPS Active Equity Opportunity ETF (NYSEARCA:RFFC) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 7,577 shares, a growth of 3,138.0% from the April 30th total of 234 shares. Approximately 1.9% of the company’s shares are short sold. Based on an average daily volume of 1,605 shares, the short-interest ratio is presently 4.7 days.

ALPS Active Equity Opportunity ETF Stock Down 0.3%

NYSEARCA:RFFC traded down $0.19 during mid-day trading on Friday, hitting $74.26. 146 shares of the stock traded hands, compared to its average volume of 1,030. The stock has a market capitalization of $29.70 million, a price-to-earnings ratio of 25.00 and a beta of 0.95. ALPS Active Equity Opportunity ETF has a 52 week low of $57.40 and a 52 week high of $74.45. The firm’s 50 day moving average is $70.37 and its two-hundred day moving average is $68.94.

Hedge Funds Weigh In On ALPS Active Equity Opportunity ETF

Several hedge funds have recently added to or reduced their stakes in the company. Alps Advisors Inc. grew its holdings in ALPS Active Equity Opportunity ETF by 7.6% during the 4th quarter. Alps Advisors Inc. now owns 165,685 shares of the company’s stock valued at $11,112,000 after purchasing an additional 11,730 shares during the last quarter. Arsenal Capital Advisors LLC bought a new position in ALPS Active Equity Opportunity ETF in the 4th quarter worth about $450,000. Elevated Capital Advisors LLC bought a new position in ALPS Active Equity Opportunity ETF in the 4th quarter worth about $163,000. Envestnet Asset Management Inc. grew its stake in ALPS Active Equity Opportunity ETF by 10.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 11,057 shares of the company’s stock worth $710,000 after acquiring an additional 1,016 shares in the last quarter. Finally, Main Street Financial Solutions LLC bought a new position in ALPS Active Equity Opportunity ETF in the 2nd quarter worth about $308,000.

ALPS Active Equity Opportunity ETF Company Profile

The RiverFront Dynamic US Flex-Cap ETF (RFFC) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed fund of US stocks selected on the basis of multiple factors such as value, quality, and momentum. RFFC was launched on Jun 7, 2016 and is managed by RiverFront.