ALPS Disruptive Technologies ETF (NYSEARCA:DTEC) Stock Short Interest Jumps 5,298.4%

ALPS Disruptive Technologies ETF (NYSEARCA:DTEC) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 27,046 shares, an increase of 5,298.4% from the August 31st total of 501 shares. Based on an average daily trading volume, of 12,001 shares, the days-to-cover ratio is currently 2.3 days. Currently, 1.9% of the shares of the stock are short sold.

Institutional Investors Weigh In On ALPS Disruptive Technologies ETF

Several institutional investors have recently bought and sold shares of the business. Citadel Advisors LLC acquired a new stake in ALPS Disruptive Technologies ETF during the 2nd quarter valued at approximately $210,000. Anson Capital Inc. bought a new stake in shares of ALPS Disruptive Technologies ETF in the second quarter worth $212,000. Western Wealth Management LLC raised its holdings in ALPS Disruptive Technologies ETF by 7.0% in the first quarter. Western Wealth Management LLC now owns 5,735 shares of the company’s stock valued at $248,000 after acquiring an additional 377 shares in the last quarter. Finally, Torrey Payne Wealth Management LLC bought a new position in ALPS Disruptive Technologies ETF during the 4th quarter valued at $338,000.

ALPS Disruptive Technologies ETF Stock Performance

DTEC stock traded down $0.04 during trading on Thursday, hitting $51.51. The stock had a trading volume of 547 shares, compared to its average volume of 5,676. The company’s 50 day moving average price is $51.26 and its two-hundred day moving average price is $48.20. ALPS Disruptive Technologies ETF has a 1-year low of $41.99 and a 1-year high of $53.89. The stock has a market cap of $73.14 million, a price-to-earnings ratio of 29.18 and a beta of 1.14.

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.