Short Interest in ALPS Level Four Large Cap Growth Active ETF (NASDAQ:LGRO) Expands By 2,631.0%

ALPS Level Four Large Cap Growth Active ETF (NASDAQ:LGRO) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 7,674 shares, an increase of 2,631.0% from the May 31st total of 281 shares. Based on an average trading volume of 7,936 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.3% of the company’s stock are sold short.

ALPS Level Four Large Cap Growth Active ETF Price Performance

NASDAQ LGRO traded down $0.03 during trading on Thursday, reaching $42.09. 741 shares of the company’s stock traded hands, compared to its average volume of 9,894. The firm has a market cap of $128.80 million, a price-to-earnings ratio of 27.33 and a beta of 1.24. The company’s 50 day simple moving average is $42.21 and its two-hundred day simple moving average is $40.55. ALPS Level Four Large Cap Growth Active ETF has a 12-month low of $35.71 and a 12-month high of $45.26.

ALPS Level Four Large Cap Growth Active ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Thursday, June 18th were paid a dividend of $0.0411 per share. This is a boost from ALPS Level Four Large Cap Growth Active ETF’s previous quarterly dividend of $0.03. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Thursday, June 18th.

ALPS Level Four Large Cap Growth Active ETF Company Profile

The Level Four Large Cap Growth Active ETF (LGRO) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed portfolio of US large cap stocks. Holdings are managed based on quantitative analysis and fundamental research, selecting those companies perceived to have favorable growth potential within their market sector. LGRO was launched on Aug 22, 2023 and is issued by SS&C.