ALPS Level Four Large Cap Growth Active ETF (NASDAQ:LGRO) Short Interest Down 50.6% in July

ALPS Level Four Large Cap Growth Active ETF (NASDAQ:LGRO) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 4,100 shares, a decline of 50.6% from the July 15th total of 8,295 shares. Based on an average daily volume of 3,427 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.1% of the shares of the company are sold short.

ALPS Level Four Large Cap Growth Active ETF Stock Performance

Shares of LGRO traded down $0.27 during trading hours on Friday, reaching $47.75. 3,715 shares of the company traded hands, compared to its average volume of 9,560. The stock’s fifty day moving average is $44.22 and its 200 day moving average is $41.44. ALPS Level Four Large Cap Growth Active ETF has a 1-year low of $35.71 and a 1-year high of $48.18. The stock has a market cap of $146.12 million, a P/E ratio of 27.33 and a beta of 1.22.

ALPS Level Four Large Cap Growth Active ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 24th. Shareholders of record on Thursday, June 18th were issued a $0.0411 dividend. This is a positive change from ALPS Level Four Large Cap Growth Active ETF’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $0.16 annualized dividend and a yield of 0.3%.

ALPS Level Four Large Cap Growth Active ETF Company Profile

The Level Four Large Cap Growth Active ETF (LGRO) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed portfolio of US large cap stocks. Holdings are managed based on quantitative analysis and fundamental research, selecting those companies perceived to have favorable growth potential within their market sector. LGRO was launched on Aug 22, 2023 and is issued by SS&C.