Short Interest in ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) Increases By 200.0%

ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 21,967 shares, an increase of 200.0% from the December 31st total of 7,322 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average daily trading volume, of 55,213 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 55,213 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.7% of the shares of the company are sold short.

Hedge Funds Weigh In On ALPS Electrification Infrastructure ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Tripletail Wealth Management LLC bought a new stake in ALPS Electrification Infrastructure ETF during the third quarter valued at about $27,000. Farther Finance Advisors LLC purchased a new position in shares of ALPS Electrification Infrastructure ETF during the 3rd quarter valued at about $89,000. Noble Wealth Management PBC grew its stake in shares of ALPS Electrification Infrastructure ETF by 1,496.6% during the 4th quarter. Noble Wealth Management PBC now owns 7,983 shares of the company’s stock valued at $281,000 after acquiring an additional 7,483 shares during the period. Susquehanna International Group LLP purchased a new stake in ALPS Electrification Infrastructure ETF in the 3rd quarter worth approximately $390,000. Finally, BXM Wealth LLC purchased a new stake in ALPS Electrification Infrastructure ETF in the 4th quarter worth approximately $470,000.

ALPS Electrification Infrastructure ETF Trading Up 0.7%

Shares of ELFY stock opened at $38.76 on Thursday. ALPS Electrification Infrastructure ETF has a 12 month low of $25.53 and a 12 month high of $38.77. The stock has a market cap of $118.22 million, a P/E ratio of 21.95 and a beta of 1.54. The company has a 50 day simple moving average of $36.27 and a two-hundred day simple moving average of $35.43.

ALPS Electrification Infrastructure ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Thursday, December 18th were paid a $0.1186 dividend. This is a positive change from ALPS Electrification Infrastructure ETF’s previous quarterly dividend of $0.10. The ex-dividend date was Thursday, December 18th. This represents a $0.47 annualized dividend and a dividend yield of 1.2%.

About ALPS Electrification Infrastructure ETF

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.