ALPS Level Four Large Cap Growth Active ETF (NASDAQ:LGRO) Short Interest Up 408.9% in May

ALPS Level Four Large Cap Growth Active ETF (NASDAQ:LGRO) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totaling 8,488 shares, an increase of 408.9% from the April 30th total of 1,668 shares. Based on an average daily trading volume, of 11,162 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.3% of the company’s stock are sold short.

ALPS Level Four Large Cap Growth Active ETF Stock Up 1.1%

LGRO traded up $0.48 on Friday, reaching $44.10. The company’s stock had a trading volume of 1,894 shares, compared to its average volume of 10,455. The stock has a 50 day moving average of $40.04 and a two-hundred day moving average of $40.18. The company has a market capitalization of $134.95 million, a price-to-earnings ratio of 27.33 and a beta of 1.22. ALPS Level Four Large Cap Growth Active ETF has a fifty-two week low of $34.48 and a fifty-two week high of $44.10.

ALPS Level Four Large Cap Growth Active ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Thursday, March 19th were issued a $0.032 dividend. This represents a $0.13 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Thursday, March 19th.

ALPS Level Four Large Cap Growth Active ETF Company Profile

The Level Four Large Cap Growth Active ETF (LGRO) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed portfolio of US large cap stocks. Holdings are managed based on quantitative analysis and fundamental research, selecting those companies perceived to have favorable growth potential within their market sector. LGRO was launched on Aug 22, 2023 and is issued by SS&C.