ALPS Disruptive Technologies ETF (NYSEARCA:DTEC) Sees Significant Decrease in Short Interest

ALPS Disruptive Technologies ETF (NYSEARCA:DTEC) was the target of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 300 shares, a decrease of 60.4% from the July 15th total of 757 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 3,093 shares, the days-to-cover ratio is presently 0.1 days.

ALPS Disruptive Technologies ETF Stock Performance

DTEC stock opened at $53.75 on Friday. The stock has a market cap of $77.94 million, a P/E ratio of 29.18 and a beta of 1.14. The firm has a 50 day simple moving average of $48.84 and a 200 day simple moving average of $47.00. ALPS Disruptive Technologies ETF has a 52 week low of $41.99 and a 52 week high of $53.78.

Institutional Investors Weigh In On ALPS Disruptive Technologies ETF

A number of institutional investors have recently modified their holdings of DTEC. JPMorgan Chase & Co. acquired a new position in shares of ALPS Disruptive Technologies ETF in the third quarter worth $110,000. Lido Advisors LLC acquired a new stake in ALPS Disruptive Technologies ETF during the third quarter valued at $205,000. Creative Planning acquired a new stake in ALPS Disruptive Technologies ETF during the third quarter valued at $227,000. Western Wealth Management LLC purchased a new position in ALPS Disruptive Technologies ETF in the fourth quarter valued at about $260,000. Finally, Torrey Payne Wealth Management LLC purchased a new position in ALPS Disruptive Technologies ETF in the fourth quarter valued at about $338,000.

About ALPS Disruptive Technologies ETF

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.