ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) Sees Large Decrease in Short Interest

ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 1,838 shares, a decline of 47.1% from the September 30th total of 3,473 shares. Based on an average daily volume of 28,551 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

ALPS Electrification Infrastructure ETF Stock Down 2.1%

Shares of ELFY stock traded down $0.82 during mid-day trading on Friday, hitting $37.73. 108,837 shares of the stock were exchanged, compared to its average volume of 39,612. The company has a market cap of $166.39 million, a PE ratio of 21.95 and a beta of 1.03. The firm has a fifty day moving average of $39.27 and a 200 day moving average of $41.05. ALPS Electrification Infrastructure ETF has a 52-week low of $34.31 and a 52-week high of $45.92.

ALPS Electrification Infrastructure ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Thursday, September 17th were given a dividend of $0.1104 per share. This is a positive change from ALPS Electrification Infrastructure ETF’s previous quarterly dividend of $0.1065. The ex-dividend date was Thursday, September 17th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.2%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ELFY. Royal Bank of Canada purchased a new stake in shares of ALPS Electrification Infrastructure ETF during the first quarter worth $118,000. Sanctuary Advisors LLC acquired a new stake in shares of ALPS Electrification Infrastructure ETF in the first quarter valued at about $206,000. Wellington Grp LLC acquired a new stake in shares of ALPS Electrification Infrastructure ETF in the second quarter valued at about $235,000. NewEdge Advisors LLC purchased a new position in shares of ALPS Electrification Infrastructure ETF in the first quarter worth about $236,000. Finally, Noble Wealth Management PBC lifted its stake in shares of ALPS Electrification Infrastructure ETF by 11.3% in the third quarter. Noble Wealth Management PBC now owns 7,781 shares of the company’s stock worth $300,000 after buying an additional 791 shares in the last quarter.

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.