ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) Short Interest Up 387.5% in April

ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 41,951 shares, an increase of 387.5% from the April 15th total of 8,605 shares. Currently, 1.0% of the company’s stock are sold short. Based on an average daily trading volume, of 42,386 shares, the short-interest ratio is currently 1.0 days.

ALPS Electrification Infrastructure ETF Stock Performance

NASDAQ:ELFY opened at $44.60 on Wednesday. The firm has a market cap of $184.64 million, a price-to-earnings ratio of 21.95 and a beta of 1.57. ALPS Electrification Infrastructure ETF has a 52 week low of $29.76 and a 52 week high of $45.11. The firm has a 50-day moving average price of $41.23 and a two-hundred day moving average price of $38.62.

ALPS Electrification Infrastructure ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Thursday, March 19th were paid a $0.1046 dividend. The ex-dividend date was Thursday, March 19th. This represents a $0.42 annualized dividend and a yield of 0.9%.

Hedge Funds Weigh In On ALPS Electrification Infrastructure ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Thrivent Financial for Lutherans grew its position in ALPS Electrification Infrastructure ETF by 6,816.2% during the fourth 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 period. Alps Advisors Inc. bought a new position in ALPS Electrification Infrastructure ETF during the third quarter valued at about $4,610,000. Redhawk Wealth Advisors Inc. bought a new position in ALPS Electrification Infrastructure ETF during the fourth quarter valued at about $3,468,000. Brookwood Investment Group LLC bought a new position in ALPS Electrification Infrastructure ETF during the fourth quarter valued at about $2,875,000. Finally, Osaic Holdings Inc. increased its stake in shares of ALPS Electrification Infrastructure ETF by 565.8% during the 4th quarter. Osaic Holdings Inc. now owns 49,879 shares of the company’s stock worth $1,756,000 after purchasing an additional 42,387 shares during 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.