ALPS Active Equity Opportunity ETF (NYSEARCA:RFFC) Sees Significant Increase in Short Interest

ALPS Active Equity Opportunity ETF (NYSEARCA:RFFC) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 637 shares, a growth of 563.5% from the September 30th total of 96 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 1,054 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On ALPS Active Equity Opportunity ETF

An institutional investor recently bought a new stake in ALPS Active Equity Opportunity ETF stock. Tenzing Financial LLC bought a new stake in ALPS Active Equity Opportunity ETF (NYSEARCA:RFFC) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,885 shares of the company’s stock, valued at approximately $218,000. Tenzing Financial LLC owned approximately 0.72% of ALPS Active Equity Opportunity ETF as of its most recent SEC filing.

ALPS Active Equity Opportunity ETF Price Performance

Shares of RFFC stock traded up $0.04 during mid-day trading on Tuesday, hitting $76.62. 487 shares of the stock traded hands, compared to its average volume of 1,016. The stock has a market cap of $30.65 million, a P/E ratio of 25.00 and a beta of 0.94. The stock’s fifty day moving average is $76.81 and its two-hundred day moving average is $72.92. ALPS Active Equity Opportunity ETF has a 52-week low of $64.05 and a 52-week high of $77.75.

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.