ALPS Active Equity Opportunity ETF (NYSEARCA:RFFC) Sees Significant Increase in Short Interest

by · The Cerbat Gem

ALPS Active Equity Opportunity ETF (NYSEARCA:RFFC – Get Free Report) was the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 7,577 shares, an increase of 3,138.0% from the April 30th total of 234 shares. Approximately 1.9% of the shares of the company are short sold. Based on an average daily trading volume, of 1,605 shares, the days-to-cover ratio is currently 4.7 days.

Hedge Funds Weigh In On ALPS Active Equity Opportunity ETF

A number of hedge funds have recently bought and sold shares of the business. Envestnet Asset Management Inc. boosted its position in ALPS Active Equity Opportunity ETF by 10.1% during the third quarter. Envestnet Asset Management Inc. now owns 11,057 shares of the company’s stock worth $710,000 after purchasing an additional 1,016 shares in the last quarter. Elevated Capital Advisors LLC purchased a new position in ALPS Active Equity Opportunity ETF during the fourth quarter worth approximately $163,000. Main Street Financial Solutions LLC purchased a new position in ALPS Active Equity Opportunity ETF during the second quarter worth approximately $308,000. Arsenal Capital Advisors LLC purchased a new position in ALPS Active Equity Opportunity ETF during the fourth quarter worth approximately $450,000. Finally, Alps Advisors Inc. boosted its position in ALPS Active Equity Opportunity ETF by 7.6% during the fourth quarter. Alps Advisors Inc. now owns 165,685 shares of the company’s stock worth $11,112,000 after purchasing an additional 11,730 shares in the last quarter.

ALPS Active Equity Opportunity ETF Stock Up 0.0%

Shares of RFFC stock traded up $0.03 on Wednesday, hitting $73.68. The company had a trading volume of 282 shares, compared to its average volume of 1,046. The firm has a market cap of $29.47 million, a P/E ratio of 25.00 and a beta of 0.95. The company has a 50-day moving average price of $70.23 and a 200-day moving average price of $68.88. ALPS Active Equity Opportunity ETF has a twelve month low of $57.40 and a twelve month high of $73.68.

About ALPS Active Equity Opportunity ETF

(Get Free Report)

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.

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