Short Interest in ALPS Sector Dividend Dogs ETF (NYSEARCA:SDOG) Decreases By 50.7%

ALPS Sector Dividend Dogs ETF (NYSEARCA:SDOG) was the target of a large decline in short interest in July. As of July 15th, there was short interest totaling 16,454 shares, a decline of 50.7% from the June 30th total of 33,403 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 56,250 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Royal Bank of Canada raised its position in shares of ALPS Sector Dividend Dogs ETF by 0.5% in the first quarter. Royal Bank of Canada now owns 153,654 shares of the company’s stock worth $8,927,000 after buying an additional 749 shares in the last quarter. NewEdge Advisors LLC increased its stake in ALPS Sector Dividend Dogs ETF by 13.4% in the 1st quarter. NewEdge Advisors LLC now owns 5,104 shares of the company’s stock worth $297,000 after acquiring an additional 605 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in ALPS Sector Dividend Dogs ETF by 102.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 56,923 shares of the company’s stock worth $3,307,000 after acquiring an additional 28,785 shares during the last quarter. Raymond James Financial Inc. raised its holdings in shares of ALPS Sector Dividend Dogs ETF by 3.3% in the 2nd quarter. Raymond James Financial Inc. now owns 302,057 shares of the company’s stock valued at $17,362,000 after acquiring an additional 9,536 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of ALPS Sector Dividend Dogs ETF by 5.1% during the 2nd quarter. Bank of America Corp DE now owns 1,511,488 shares of the company’s stock valued at $86,878,000 after acquiring an additional 73,524 shares during the last quarter.

ALPS Sector Dividend Dogs ETF Price Performance

Shares of SDOG traded down $0.39 during midday trading on Wednesday, hitting $72.81. 146,064 shares of the company traded hands, compared to its average volume of 43,290. ALPS Sector Dividend Dogs ETF has a one year low of $56.30 and a one year high of $73.80. The firm has a market cap of $1.43 billion, a P/E ratio of 15.06 and a beta of 0.70. The stock has a 50-day moving average of $69.27 and a 200-day moving average of $66.72.

About ALPS Sector Dividend Dogs ETF

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.