ALPS Disruptive Technologies ETF (NYSEARCA:DTEC) Short Interest Update

ALPS Disruptive Technologies ETF (NYSEARCA:DTEC) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 757 shares, an increase of 138.1% from the June 30th total of 318 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 4,345 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On ALPS Disruptive Technologies ETF

Several hedge funds have recently bought and sold shares of the company. Western Wealth Management LLC raised its position in shares of ALPS Disruptive Technologies ETF by 7.0% in the 1st quarter. Western Wealth Management LLC now owns 5,735 shares of the company’s stock valued at $248,000 after buying an additional 377 shares in the last quarter. Torrey Payne Wealth Management LLC acquired a new stake in shares of ALPS Disruptive Technologies ETF during the 4th quarter worth approximately $338,000. Cetera Investment Advisers increased its stake in ALPS Disruptive Technologies ETF by 2.9% in the fourth quarter. Cetera Investment Advisers now owns 127,549 shares of the company’s stock valued at $6,196,000 after acquiring an additional 3,574 shares during the last quarter. Wells Fargo & Company MN increased its stake in ALPS Disruptive Technologies ETF by 19.8% in the fourth quarter. Wells Fargo & Company MN now owns 8,484 shares of the company’s stock valued at $412,000 after acquiring an additional 1,402 shares during the last quarter. Finally, Jane Street Group LLC raised its position in ALPS Disruptive Technologies ETF by 36.3% during the fourth quarter. Jane Street Group LLC now owns 7,300 shares of the company’s stock valued at $355,000 after purchasing an additional 1,943 shares in the last quarter.

ALPS Disruptive Technologies ETF Stock Performance

Shares of NYSEARCA DTEC opened at $48.66 on Tuesday. The stock has a market capitalization of $70.56 million, a P/E ratio of 29.18 and a beta of 1.14. The stock’s fifty day moving average is $48.33 and its 200 day moving average is $46.82. ALPS Disruptive Technologies ETF has a 52 week low of $41.99 and a 52 week high of $52.97.

About ALPS Disruptive Technologies ETF

The ALPS Disruptive Technologies ETF (DTEC) is an exchange-traded fund that is based on the Indxx Disruptive Technologies index. The fund tracks an index of 100 global companies that are involved in disruptive technologies across 10 themes. DTEC was launched on Dec 29, 2017 and is managed by ALPS.