ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) Short Interest Update

ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 7,972 shares, a decrease of 62.1% from the June 30th total of 21,033 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 66,523 shares, the short-interest ratio is currently 0.1 days.

ALPS Electrification Infrastructure ETF Trading Down 1.8%

ELFY traded down $0.74 during midday trading on Tuesday, hitting $40.47. 32,046 shares of the company traded hands, compared to its average volume of 42,785. The business has a 50 day simple moving average of $43.49 and a two-hundred day simple moving average of $41.49. ALPS Electrification Infrastructure ETF has a 52-week low of $33.11 and a 52-week high of $45.92. The company has a market capitalization of $187.78 million, a price-to-earnings ratio of 21.95 and a beta of 0.87.

ALPS Electrification Infrastructure ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Thursday, June 18th were paid a $0.1065 dividend. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $0.43 dividend on an annualized basis and a yield of 1.1%. This is a boost from ALPS Electrification Infrastructure ETF’s previous quarterly dividend of $0.10.

Institutional Investors Weigh In On ALPS Electrification Infrastructure ETF

Several institutional investors have recently bought and sold shares of the company. Harbour Investments Inc. raised its holdings in shares of ALPS Electrification Infrastructure ETF by 135.8% during the fourth quarter. Harbour Investments Inc. now owns 2,728 shares of the company’s stock valued at $96,000 after acquiring an additional 1,571 shares during the last quarter. Royal Bank of Canada acquired a new stake in shares of ALPS Electrification Infrastructure ETF in the first quarter worth approximately $118,000. Sanctuary Advisors LLC purchased a new stake in shares of ALPS Electrification Infrastructure ETF during the first quarter worth approximately $206,000. Janney Montgomery Scott LLC purchased a new stake in shares of ALPS Electrification Infrastructure ETF during the fourth quarter worth approximately $216,000. Finally, NewEdge Advisors LLC purchased a new stake in shares of ALPS Electrification Infrastructure ETF during the first quarter worth approximately $236,000.

ALPS Electrification Infrastructure ETF Company Profile

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.