ALPS Electrification Infrastructure ETF (NASDAQ:ELFY – Get Free Report) saw a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 1,838 shares, a decrease of 47.1% from the September 30th total of 3,473 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 28,551 shares, the short-interest ratio is presently 0.1 days.
Institutional Investors Weigh In On ALPS Electrification Infrastructure ETF
Large investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC acquired a new stake in shares of ALPS Electrification Infrastructure ETF during the 3rd quarter worth about $1,344,000. Noble Wealth Management PBC lifted its stake in shares of ALPS Electrification Infrastructure ETF by 11.3% during the third quarter. Noble Wealth Management PBC now owns 7,781 shares of the company’s stock valued at $300,000 after buying an additional 791 shares during the period. Envestnet Asset Management Inc. boosted its position in ALPS Electrification Infrastructure ETF by 125.8% during the second quarter. Envestnet Asset Management Inc. now owns 20,815 shares of the company’s stock worth $935,000 after acquiring an additional 11,598 shares during the last quarter. NewEdge Advisors LLC grew its stake in ALPS Electrification Infrastructure ETF by 578.8% in the 2nd quarter. NewEdge Advisors LLC now owns 40,678 shares of the company’s stock worth $1,828,000 after acquiring an additional 34,685 shares during the period. Finally, Wellington Grp LLC purchased a new stake in ALPS Electrification Infrastructure ETF in the 2nd quarter worth approximately $235,000.
ALPS Electrification Infrastructure ETF Stock Performance
NASDAQ ELFY traded down $0.11 during trading hours on Monday, reaching $37.66. The company’s stock had a trading volume of 9,141 shares, compared to its average volume of 39,466. The stock has a market cap of $166.08 million, a PE ratio of 21.95 and a beta of 1.03. ALPS Electrification Infrastructure ETF has a fifty-two week low of $34.31 and a fifty-two week high of $45.92. The company’s 50-day moving average is $39.27 and its two-hundred day moving average is $41.05.
ALPS Electrification Infrastructure ETF Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Investors of record on Thursday, September 17th were given a dividend of $0.1104 per share. The ex-dividend date was Thursday, September 17th. This represents a $0.44 annualized dividend and a dividend yield of 1.2%. This is an increase from ALPS Electrification Infrastructure ETF’s previous quarterly dividend of $0.1065.
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.
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