ALPS Sector Dividend Dogs ETF (NYSEARCA:SDOG) Sees Large Growth in Short Interest

ALPS Sector Dividend Dogs ETF (NYSEARCA:SDOG) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 13,824 shares, an increase of 85.3% from the May 14th total of 7,459 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 25,562 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On ALPS Sector Dividend Dogs ETF

Several hedge funds and other institutional investors have recently made changes to their positions in SDOG. Phillip James Consulting Co. bought a new stake in ALPS Sector Dividend Dogs ETF during the first quarter worth approximately $36,000. Arax Advisory Partners bought a new stake in ALPS Sector Dividend Dogs ETF during the fourth quarter worth approximately $33,000. SOA Wealth Advisors LLC. raised its holdings in ALPS Sector Dividend Dogs ETF by 258.1% during the first quarter. SOA Wealth Advisors LLC. now owns 555 shares of the company’s stock worth $36,000 after purchasing an additional 400 shares in the last quarter. Farther Finance Advisors LLC bought a new stake in ALPS Sector Dividend Dogs ETF during the fourth quarter worth approximately $47,000. Finally, Bank of Montreal Can raised its holdings in ALPS Sector Dividend Dogs ETF by 120.8% during the fourth quarter. Bank of Montreal Can now owns 1,104 shares of the company’s stock worth $67,000 after purchasing an additional 604 shares in the last quarter.

ALPS Sector Dividend Dogs ETF Trading Down 0.3%

Shares of NYSEARCA SDOG opened at $69.52 on Wednesday. The stock has a 50 day simple moving average of $66.94 and a 200-day simple moving average of $64.80. The company has a market cap of $1.41 billion, a PE ratio of 15.06 and a beta of 0.70. ALPS Sector Dividend Dogs ETF has a 12-month low of $56.21 and a 12-month high of $70.24.

ALPS Sector Dividend Dogs ETF Company Profile

The ALPS Sector Dividend Dogs ETF (SDOG) is an exchange-traded fund that is based on the S-Network Sector Dividend Dogs index. The fund tracks an equal-weighted index of the five highest-yielding S&P 500 securities in each sector. SDOG was launched on Jun 29, 2012 and is managed by ALPS.