ALPS Disruptive Technologies ETF (NYSEARCA:DTEC) Sees Large Growth in Short Interest

ALPS Disruptive Technologies ETF (NYSEARCA:DTEC) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 757 shares, an increase of 138.1% from the June 30th total of 318 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 4,345 shares, the days-to-cover ratio is currently 0.2 days.

ALPS Disruptive Technologies ETF Stock Performance

DTEC traded down $0.25 on Wednesday, hitting $49.31. 3,152 shares of the company were exchanged, compared to its average volume of 5,680. The stock’s fifty day moving average is $48.37 and its 200-day moving average is $46.81. ALPS Disruptive Technologies ETF has a 12 month low of $41.99 and a 12 month high of $52.97. The company has a market cap of $71.50 million, a PE ratio of 29.18 and a beta of 1.14.

Institutional Investors Weigh In On ALPS Disruptive Technologies ETF

Several large investors have recently made changes to their positions in DTEC. Northwestern Mutual Wealth Management Co. raised its position in ALPS Disruptive Technologies ETF by 28,696.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 69,400 shares of the company’s stock worth $3,372,000 after acquiring an additional 69,159 shares in the last quarter. Rossmore Private Capital grew its position in shares of ALPS Disruptive Technologies ETF by 38.9% in the 4th quarter. Rossmore Private Capital now owns 7,546 shares of the company’s stock valued at $367,000 after acquiring an additional 2,113 shares during the period. Western Wealth Management LLC bought a new position in shares of ALPS Disruptive Technologies ETF in the 4th quarter valued at about $260,000. JPMorgan Chase & Co. acquired a new position in shares of ALPS Disruptive Technologies ETF during the 3rd quarter worth about $110,000. Finally, Lodestone Wealth Management LLC bought a new stake in shares of ALPS Disruptive Technologies ETF in the 4th quarter valued at about $25,000.

ALPS Disruptive Technologies ETF Company Profile

The ALPS Disruptive Technologies ETF (DTEC) is an exchange-traded fund that is based on the Indxx Disruptive Technologies index. The fund tracks an index of 100 global companies that are involved in disruptive technologies across 10 themes. DTEC was launched on Dec 29, 2017 and is managed by ALPS.