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

ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) saw a significant decrease in short interest in December. As of December 15th, there was short interest totaling 10,772 shares, a decrease of 74.4% from the November 30th total of 42,113 shares. Based on an average trading volume of 25,093 shares, the short-interest ratio is presently 0.4 days. Approximately 0.4% of the company’s shares are short sold. Approximately 0.4% of the company’s shares are short sold. Based on an average trading volume of 25,093 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On ALPS Electrification Infrastructure ETF

Large investors have recently modified their holdings of the stock. Thrivent Financial for Lutherans purchased a new stake in shares of ALPS Electrification Infrastructure ETF during the 2nd quarter valued at about $14,845,000. Alps Advisors Inc. acquired a new stake in ALPS Electrification Infrastructure ETF in the third quarter valued at approximately $4,610,000. Citadel Advisors LLC purchased a new stake in shares of ALPS Electrification Infrastructure ETF during the third quarter valued at approximately $780,000. Susquehanna International Group LLP acquired a new position in shares of ALPS Electrification Infrastructure ETF during the third quarter worth $390,000. Finally, Farther Finance Advisors LLC purchased a new position in shares of ALPS Electrification Infrastructure ETF in the third quarter valued at $89,000.

ALPS Electrification Infrastructure ETF Trading Up 0.2%

NASDAQ:ELFY opened at $35.76 on Thursday. The firm’s fifty day simple moving average is $36.09 and its 200 day simple moving average is $34.52. ALPS Electrification Infrastructure ETF has a twelve month low of $25.53 and a twelve month high of $37.60. The firm has a market capitalization of $95.48 million, a price-to-earnings ratio of 21.95 and a beta of 1.54.

ALPS Electrification Infrastructure ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Thursday, December 18th were paid a dividend of $0.1186 per share. This is a boost from ALPS Electrification Infrastructure ETF’s previous quarterly dividend of $0.10. This represents a $0.47 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Thursday, December 18th.

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.