ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) Short Interest Down 76.2% in June

by · The Markets Daily

ALPS Electrification Infrastructure ETF (NASDAQ:ELFY – Get Free Report) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 11,084 shares, a drop of 76.2% from the May 31st total of 46,567 shares. Based on an average daily volume of 52,088 shares, the short-interest ratio is presently 0.2 days. Currently, 0.3% of the shares of the company are sold short.

Institutional Trading of ALPS Electrification Infrastructure ETF

A number of hedge funds have recently modified their holdings of ELFY. Summit Financial LLC raised its position in ALPS Electrification Infrastructure ETF by 9.2% during the fourth quarter. Summit Financial LLC now owns 9,486 shares of the company’s stock valued at $334,000 after acquiring an additional 796 shares in the last quarter. Harbour Investments Inc. lifted its holdings in ALPS Electrification Infrastructure ETF by 135.8% in the fourth quarter. Harbour Investments Inc. now owns 2,728 shares of the company’s stock valued at $96,000 after acquiring an additional 1,571 shares during the period. Royal Bank of Canada purchased a new stake in ALPS Electrification Infrastructure ETF in the 1st quarter worth approximately $118,000. Janney Montgomery Scott LLC boosted its position in ALPS Electrification Infrastructure ETF by 68.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 10,380 shares of the company’s stock worth $408,000 after purchasing an additional 4,230 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of ALPS Electrification Infrastructure ETF during the 1st quarter worth approximately $206,000.

ALPS Electrification Infrastructure ETF Stock Performance

NASDAQ:ELFY opened at $44.36 on Friday. ALPS Electrification Infrastructure ETF has a one year low of $31.61 and a one year high of $45.92. The firm has a market cap of $183.65 million, a price-to-earnings ratio of 21.95 and a beta of 0.87. The firm’s fifty day moving average is $43.89 and its two-hundred day moving average is $40.45.

ALPS Electrification Infrastructure ETF Increases Dividend

The business also recently disclosed 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 of this dividend was Thursday, June 18th. This represents a $0.43 annualized dividend and a dividend yield of 1.0%.

About ALPS Electrification Infrastructure ETF

(Get Free Report)

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.

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