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

ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) was the recipient of a large 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. Currently, 0.7% of the company’s shares are sold short. Based on an average daily volume of 55,213 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 55,213 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.7% of the company’s shares are sold short.

ALPS Electrification Infrastructure ETF Stock Down 1.8%

NASDAQ ELFY opened at $37.94 on Friday. The company has a fifty day moving average of $36.42 and a two-hundred day moving average of $35.48. The firm has a market capitalization of $121.03 million, a price-to-earnings ratio of 21.95 and a beta of 1.54. ALPS Electrification Infrastructure ETF has a 52 week low of $25.53 and a 52 week high of $39.07.

ALPS Electrification Infrastructure ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Thursday, December 18th were paid a dividend of $0.1186 per share. This is a positive change from ALPS Electrification Infrastructure ETF’s previous quarterly dividend of $0.10. This represents a $0.47 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, December 18th.

Hedge Funds Weigh In On ALPS Electrification Infrastructure ETF

A number of large investors have recently bought and sold shares of the business. Thrivent Financial for Lutherans purchased a new stake in shares of ALPS Electrification Infrastructure ETF during the second quarter valued at $14,845,000. Alps Advisors Inc. purchased a new position in ALPS Electrification Infrastructure ETF in the 3rd quarter worth about $4,610,000. Redhawk Wealth Advisors Inc. bought a new stake in ALPS Electrification Infrastructure ETF during the 4th quarter valued at about $3,468,000. Brookwood Investment Group LLC purchased a new stake in ALPS Electrification Infrastructure ETF in the 4th quarter valued at about $2,875,000. Finally, Farther Finance Advisors LLC boosted its position in ALPS Electrification Infrastructure ETF by 904.2% in the 4th quarter. Farther Finance Advisors LLC now owns 25,034 shares of the company’s stock valued at $881,000 after buying an additional 22,541 shares during the period.

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.