ALPS Dynamic US Dividend Advantage ETF (NYSEARCA:RFDA) Sees Large 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 July. As of July 31st, there was short interest totaling 258 shares, a drop of 38.4% from the July 15th total of 419 shares. Based on an average daily volume of 1,972 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

ALPS Dynamic US Dividend Advantage ETF Stock Up 0.4%

ALPS Dynamic US Dividend Advantage ETF stock opened at $74.20 on Thursday. The company’s 50-day moving average price is $71.54 and its 200-day moving average price is $67.88. ALPS Dynamic US Dividend Advantage ETF has a twelve month low of $59.60 and a twelve month high of $74.21. The company has a market cap of $91.27 million, a PE ratio of 18.60 and a beta of 0.87.

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.