Short Interest in ALPS Sector Dividend Dogs ETF (NYSEARCA:SDOG) Expands By 85.3%

ALPS Sector Dividend Dogs ETF (NYSEARCA:SDOG) saw a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 13,824 shares, an increase of 85.3% from the May 14th total of 7,459 shares. Based on an average daily volume of 25,562 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. IFP Advisors Inc raised its position in ALPS Sector Dividend Dogs ETF by 2,135.4% in the third quarter. IFP Advisors Inc now owns 11,177 shares of the company’s stock valued at $673,000 after purchasing an additional 10,677 shares during the last quarter. Paller Financial Services Inc bought a new stake in shares of ALPS Sector Dividend Dogs ETF during the fourth quarter worth about $2,649,000. Dynamic Advisor Solutions LLC grew its holdings in shares of ALPS Sector Dividend Dogs ETF by 2.2% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 71,959 shares of the company’s stock worth $4,351,000 after purchasing an additional 1,559 shares during the last quarter. Kovack Advisors Inc. acquired a new position in shares of ALPS Sector Dividend Dogs ETF in the third quarter valued at approximately $207,000. Finally, Capital Investment Counsel LLC increased its stake in shares of ALPS Sector Dividend Dogs ETF by 4.1% in the fourth quarter. Capital Investment Counsel LLC now owns 89,748 shares of the company’s stock valued at $5,427,000 after buying an additional 3,529 shares during the period.

ALPS Sector Dividend Dogs ETF Stock Performance

Shares of ALPS Sector Dividend Dogs ETF stock traded up $0.07 during trading on Monday, reaching $70.22. 10,485 shares of the company’s stock were exchanged, compared to its average volume of 42,247. ALPS Sector Dividend Dogs ETF has a 1-year low of $56.21 and a 1-year high of $70.24. The company has a market cap of $1.42 billion, a P/E ratio of 15.06 and a beta of 0.70. The firm’s 50-day moving average price is $66.76 and its 200 day moving average price is $64.67.

About ALPS Sector Dividend Dogs ETF

The ALPS Sector Dividend Dogs ETF (SDOG) is an exchange-traded fund that is based on the S-Network Sector Dividend Dogs index. The fund tracks an equal-weighted index of the five highest-yielding S&P 500 securities in each sector. SDOG was launched on Jun 29, 2012 and is managed by ALPS.