ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) Short Interest Up 89.8% in June

ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totaling 21,033 shares, a growth of 89.8% from the June 15th total of 11,084 shares. Based on an average trading volume of 44,096 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.5% of the shares of the stock are short sold.

ALPS Electrification Infrastructure ETF Price Performance

Shares of NASDAQ ELFY opened at $41.33 on Friday. ALPS Electrification Infrastructure ETF has a 12-month low of $32.60 and a 12-month high of $45.92. The company has a market capitalization of $197.56 million, a PE ratio of 21.95 and a beta of 0.87. The firm’s 50-day moving average is $43.80 and its two-hundred day moving average is $41.20.

ALPS Electrification Infrastructure ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Thursday, June 18th were paid a dividend of $0.1065 per share. This is a positive change from ALPS Electrification Infrastructure ETF’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $0.43 dividend on an annualized basis and a dividend yield of 1.0%.

Institutional Investors Weigh In On ALPS Electrification Infrastructure ETF

A number of institutional investors and hedge funds have recently bought and sold shares of ELFY. Thrivent Financial for Lutherans grew its holdings in ALPS Electrification Infrastructure ETF by 6,816.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 592,370 shares of the company’s stock valued at $20,851,000 after buying an additional 583,805 shares during the last quarter. Redhawk Wealth Advisors Inc. raised its holdings in shares of ALPS Electrification Infrastructure ETF by 71.2% in the second quarter. Redhawk Wealth Advisors Inc. now owns 246,250 shares of the company’s stock worth $11,067,000 after acquiring an additional 102,450 shares during the last quarter. Brookwood Investment Group LLC acquired a new position in shares of ALPS Electrification Infrastructure ETF in the fourth quarter worth $2,875,000. Osaic Holdings Inc. lifted its position in shares of ALPS Electrification Infrastructure ETF by 565.8% in the fourth quarter. Osaic Holdings Inc. now owns 49,879 shares of the company’s stock valued at $1,756,000 after acquiring an additional 42,387 shares in the last quarter. Finally, OLD Mission Capital LLC lifted its position in shares of ALPS Electrification Infrastructure ETF by 145.2% in the fourth quarter. OLD Mission Capital LLC now owns 31,589 shares of the company’s stock valued at $1,112,000 after acquiring an additional 18,707 shares in the last quarter.

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.