Short Interest in ALPS Level Four Large Cap Growth Active ETF (NASDAQ:LGRO) Expands By 2,631.0%

ALPS Level Four Large Cap Growth Active ETF (NASDAQ:LGRO) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 7,674 shares, a growth of 2,631.0% from the May 31st total of 281 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 7,936 shares, the days-to-cover ratio is currently 1.0 days.

ALPS Level Four Large Cap Growth Active ETF Stock Performance

LGRO stock traded down $0.03 during trading on Thursday, reaching $42.09. 741 shares of the company traded hands, compared to its average volume of 9,894. The business has a 50 day simple moving average of $42.21 and a 200 day simple moving average of $40.55. ALPS Level Four Large Cap Growth Active ETF has a 12 month low of $35.71 and a 12 month high of $45.26. The company has a market capitalization of $128.80 million, a price-to-earnings ratio of 27.33 and a beta of 1.24.

ALPS Level Four Large Cap Growth Active ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Thursday, June 18th were given a $0.0411 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Thursday, June 18th. This is an increase from ALPS Level Four Large Cap Growth Active ETF’s previous quarterly dividend of $0.03.

ALPS Level Four Large Cap Growth Active ETF Company Profile

The Level Four Large Cap Growth Active ETF (LGRO) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed portfolio of US large cap stocks. Holdings are managed based on quantitative analysis and fundamental research, selecting those companies perceived to have favorable growth potential within their market sector. LGRO was launched on Aug 22, 2023 and is issued by SS&C.