ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) Short Interest Update

ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 4,517 shares, a decline of 80.0% from the August 15th total of 22,631 shares. Based on an average daily volume of 28,641 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC grew its position in ALPS Electrification Infrastructure ETF by 578.8% in the second quarter. NewEdge Advisors LLC now owns 40,678 shares of the company’s stock worth $1,828,000 after acquiring an additional 34,685 shares in the last quarter. Wellington Grp LLC bought a new stake in shares of ALPS Electrification Infrastructure ETF in the 2nd quarter valued at approximately $235,000. Redhawk Wealth Advisors Inc. lifted its stake in shares of ALPS Electrification Infrastructure ETF by 71.2% in the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 246,250 shares of the company’s stock valued at $11,067,000 after purchasing an additional 102,450 shares during the last quarter. Royal Bank of Canada purchased a new position in shares of ALPS Electrification Infrastructure ETF in the 1st quarter worth approximately $118,000. Finally, Cetera Investment Advisers boosted its holdings in shares of ALPS Electrification Infrastructure ETF by 232.0% in the 1st quarter. Cetera Investment Advisers now owns 26,909 shares of the company’s stock worth $1,058,000 after purchasing an additional 18,803 shares during the period.

ALPS Electrification Infrastructure ETF Stock Up 0.7%

ELFY stock opened at $40.31 on Friday. ALPS Electrification Infrastructure ETF has a 52 week low of $34.31 and a 52 week high of $45.92. The company has a fifty day simple moving average of $41.56 and a two-hundred day simple moving average of $42.12. The firm has a market capitalization of $190.26 million, a P/E ratio of 21.95 and a beta of 0.98.

ALPS Electrification Infrastructure ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Thursday, June 18th were issued a $0.1065 dividend. This is a boost from ALPS Electrification Infrastructure ETF’s previous quarterly dividend of $0.10. The ex-dividend date was Thursday, June 18th. This represents a $0.43 dividend on an annualized basis and a dividend yield of 1.1%.

ALPS Electrification Infrastructure ETF Company Profile

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.