Short Interest in ALPS Active Equity Opportunity ETF (NYSEARCA:RFFC) Grows By 3,138.0%

ALPS Active Equity Opportunity ETF (NYSEARCA:RFFC) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 7,577 shares, an increase of 3,138.0% from the April 30th total of 234 shares. Based on an average daily trading volume, of 1,605 shares, the days-to-cover ratio is currently 4.7 days. Currently, 1.9% of the company’s shares are sold short.

Hedge Funds Weigh In On ALPS Active Equity Opportunity ETF

A number of institutional investors have recently modified their holdings of RFFC. Elevated Capital Advisors LLC purchased a new stake in shares of ALPS Active Equity Opportunity ETF in the fourth quarter valued at approximately $163,000. Main Street Financial Solutions LLC purchased a new position in ALPS Active Equity Opportunity ETF during the 2nd quarter worth $308,000. Arsenal Capital Advisors LLC bought a new stake in ALPS Active Equity Opportunity ETF during the 4th quarter valued at $450,000. Envestnet Asset Management Inc. raised its position in ALPS Active Equity Opportunity ETF by 10.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 11,057 shares of the company’s stock valued at $710,000 after purchasing an additional 1,016 shares in the last quarter. Finally, Alps Advisors Inc. lifted its holdings in shares of ALPS Active Equity Opportunity ETF by 7.6% in the 4th quarter. Alps Advisors Inc. now owns 165,685 shares of the company’s stock worth $11,112,000 after buying an additional 11,730 shares during the period.

ALPS Active Equity Opportunity ETF Trading Up 0.0%

NYSEARCA:RFFC opened at $73.68 on Thursday. The company has a market cap of $29.47 million, a price-to-earnings ratio of 25.00 and a beta of 0.95. ALPS Active Equity Opportunity ETF has a twelve month low of $57.40 and a twelve month high of $73.68. The stock has a fifty day simple moving average of $70.23 and a 200-day simple moving average of $68.88.

ALPS Active Equity Opportunity ETF Company Profile

The RiverFront Dynamic US Flex-Cap ETF (RFFC) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed fund of US stocks selected on the basis of multiple factors such as value, quality, and momentum. RFFC was launched on Jun 7, 2016 and is managed by RiverFront.