ALPS Dynamic US Dividend Advantage ETF (NYSEARCA:RFDA) Sees Significant Drop in Short Interest

ALPS Dynamic US Dividend Advantage ETF (NYSEARCA:RFDA) was the target of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 442 shares, a drop of 52.1% from the May 14th total of 922 shares. Based on an average daily volume of 629 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.0% of the shares of the stock are sold short.

ALPS Dynamic US Dividend Advantage ETF Stock Performance

RFDA stock traded down $0.10 during trading on Monday, hitting $70.68. 218 shares of the company’s stock traded hands, compared to its average volume of 2,782. ALPS Dynamic US Dividend Advantage ETF has a 52 week low of $55.84 and a 52 week high of $71.17. The business has a fifty day simple moving average of $68.13 and a 200 day simple moving average of $65.32. The stock has a market capitalization of $86.94 million, a price-to-earnings ratio of 18.60 and a beta of 0.88.

About ALPS Dynamic US Dividend Advantage ETF

The RiverFront Dynamic US Dividend Advantage ETF (RFDA) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed fund that invests in US-domiciled companies with higher dividend yields than their peers within the same sector, among other factors. RFDA was launched on Jun 7, 2016 and is managed by RiverFront.