Short Interest in ALPS Disruptive Technologies ETF (NYSEARCA:DTEC) Grows By 28.9%

ALPS Disruptive Technologies ETF (NYSEARCA:DTEC) was the target of a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 549 shares, an increase of 28.9% from the February 12th total of 426 shares. Based on an average daily volume of 4,534 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 4,534 shares, the days-to-cover ratio is currently 0.1 days.

ALPS Disruptive Technologies ETF Stock Down 0.7%

Shares of NYSEARCA DTEC traded down $0.30 during midday trading on Friday, hitting $44.31. The company had a trading volume of 3,908 shares, compared to its average volume of 3,829. ALPS Disruptive Technologies ETF has a twelve month low of $37.11 and a twelve month high of $52.97. The business has a 50-day simple moving average of $47.04 and a two-hundred day simple moving average of $49.05. The firm has a market capitalization of $74.00 million, a price-to-earnings ratio of 29.18 and a beta of 1.16.

Institutional Investors Weigh In On ALPS Disruptive Technologies ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wedbush Securities Inc. boosted its stake in shares of ALPS Disruptive Technologies ETF by 3.0% during the 3rd quarter. Wedbush Securities Inc. now owns 11,853 shares of the company’s stock worth $606,000 after acquiring an additional 343 shares in the last quarter. Lodestone Wealth Management LLC acquired a new position in ALPS Disruptive Technologies ETF during the fourth quarter worth $25,000. Cetera Investment Advisers boosted its position in ALPS Disruptive Technologies ETF by 0.5% during the second quarter. Cetera Investment Advisers now owns 121,746 shares of the company’s stock worth $6,006,000 after purchasing an additional 595 shares in the last quarter. GPS Wealth Strategies Group LLC boosted its position in ALPS Disruptive Technologies ETF by 15.7% during the third quarter. GPS Wealth Strategies Group LLC now owns 5,322 shares of the company’s stock worth $272,000 after purchasing an additional 722 shares in the last quarter. Finally, Global Retirement Partners LLC acquired a new stake in ALPS Disruptive Technologies ETF in the third quarter valued at $51,000.

ALPS Disruptive Technologies ETF Company Profile

The ALPS Disruptive Technologies ETF (DTEC) is an exchange-traded fund that is based on the Indxx Disruptive Technologies index. The fund tracks an index of 100 global companies that are involved in disruptive technologies across 10 themes. DTEC was launched on Dec 29, 2017 and is managed by ALPS.