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

ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 11,084 shares, a decrease of 76.2% from the May 31st total of 46,567 shares. Based on an average daily trading 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.

ALPS Electrification Infrastructure ETF Stock Performance

ELFY stock 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’s fifty day moving average is $43.89 and its 200 day moving average is $40.45. The firm has a market cap of $183.65 million, a PE ratio of 21.95 and a beta of 0.87.

ALPS Electrification Infrastructure ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Thursday, June 18th were paid a dividend of $0.1065 per share. This represents a $0.43 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Thursday, June 18th. This is an increase from ALPS Electrification Infrastructure ETF’s previous quarterly dividend of $0.10.

Hedge Funds Weigh In On ALPS Electrification Infrastructure ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Harbour Investments Inc. increased its stake in shares of ALPS Electrification Infrastructure ETF by 135.8% in the 4th quarter. Harbour Investments Inc. now owns 2,728 shares of the company’s stock valued at $96,000 after purchasing an additional 1,571 shares in the last quarter. Royal Bank of Canada purchased a new position in ALPS Electrification Infrastructure ETF during the first quarter worth approximately $118,000. Sanctuary Advisors LLC purchased a new position in ALPS Electrification Infrastructure ETF during the first quarter worth approximately $206,000. NewEdge Advisors LLC acquired a new stake in ALPS Electrification Infrastructure ETF in the first quarter valued at approximately $236,000. Finally, Janney Montgomery Scott LLC acquired a new stake in ALPS Electrification Infrastructure ETF in the fourth quarter valued at approximately $216,000.

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.