ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) Short Interest Update

ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 15,737 shares, an increase of 97.4% from the July 15th total of 7,972 shares. Based on an average daily volume of 50,555 shares, the short-interest ratio is presently 0.3 days. Currently, 0.3% of the company’s stock are short sold.

ALPS Electrification Infrastructure ETF Stock Up 0.4%

Shares of ELFY traded up $0.16 during midday trading on Monday, reaching $43.06. 17,515 shares of the stock were exchanged, compared to its average volume of 41,625. The company has a market cap of $203.24 million, a price-to-earnings ratio of 21.95 and a beta of 0.99. ALPS Electrification Infrastructure ETF has a 12-month low of $33.33 and a 12-month high of $45.92. The firm has a 50 day simple moving average of $42.73 and a 200-day simple moving average of $41.92.

ALPS Electrification Infrastructure ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Thursday, June 18th were issued a $0.1065 dividend. This is an increase from ALPS Electrification Infrastructure ETF’s previous quarterly dividend of $0.10. This represents a $0.43 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Thursday, June 18th.

Institutional Trading of ALPS Electrification Infrastructure ETF

A number of institutional investors have recently added to or reduced their stakes in ELFY. Thrivent Financial for Lutherans raised its holdings 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 in the last quarter. Farther Finance Advisors LLC lifted its position in shares of ALPS Electrification Infrastructure ETF by 904.2% in the fourth quarter. Farther Finance Advisors LLC now owns 25,034 shares of the company’s stock worth $881,000 after buying an additional 22,541 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of ALPS Electrification Infrastructure ETF by 232.0% during the 1st quarter. Cetera Investment Advisers now owns 26,909 shares of the company’s stock worth $1,058,000 after acquiring an additional 18,803 shares in the last quarter. Redhawk Wealth Advisors Inc. boosted its stake in shares of ALPS Electrification Infrastructure ETF by 71.2% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 246,250 shares of the company’s stock worth $11,067,000 after acquiring an additional 102,450 shares in the last quarter. Finally, NewEdge Advisors LLC acquired a new position in shares of ALPS Electrification Infrastructure ETF during the 1st quarter valued at about $236,000.

ALPS Electrification Infrastructure ETF Company Profile

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.