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

ALPS Active Equity Opportunity ETF (NYSEARCA:RFFC) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 2,321 shares, an increase of 278.0% from the August 15th total of 614 shares. Based on an average daily volume of 1,313 shares, the short-interest ratio is presently 1.8 days. Currently, 0.6% of the company’s stock are short sold.

ALPS Active Equity Opportunity ETF Price Performance

Shares of RFFC traded down $0.38 during midday trading on Monday, reaching $76.17. The stock had a trading volume of 67 shares, compared to its average volume of 1,003. ALPS Active Equity Opportunity ETF has a 1-year low of $61.93 and a 1-year high of $77.69. The company’s fifty day simple moving average is $75.93 and its two-hundred day simple moving average is $72.88. The company has a market cap of $30.47 million, a price-to-earnings ratio of 25.00 and a beta of 0.94.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in RFFC. Tenzing Financial LLC purchased a new position in shares of ALPS Active Equity Opportunity ETF during the second quarter worth about $218,000. Main Street Financial Solutions LLC acquired a new position in ALPS Active Equity Opportunity ETF during the second quarter worth approximately $308,000. Arsenal Capital Advisors LLC acquired a new position in ALPS Active Equity Opportunity ETF during the fourth quarter worth approximately $450,000. Envestnet Asset Management Inc. lifted its stake in ALPS Active Equity Opportunity ETF by 10.1% in the third quarter. Envestnet Asset Management Inc. now owns 11,057 shares of the company’s stock valued at $710,000 after buying an additional 1,016 shares during the last quarter. Finally, Alps Advisors Inc. boosted its holdings in shares of ALPS Active Equity Opportunity ETF by 7.6% in the fourth quarter. Alps Advisors Inc. now owns 165,685 shares of the company’s stock valued at $11,112,000 after acquiring an additional 11,730 shares during the period.

ALPS Active Equity Opportunity ETF Company Profile

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.