ALPS Active Equity Opportunity ETF (NYSEARCA:RFFC) Sees Significant Drop in Short Interest

ALPS Active Equity Opportunity ETF (NYSEARCA:RFFC – Get Free Report) saw a significant decrease in short interest in September. As of September 15th, there was short interest totaling 291 shares, a decrease of 87.5% from the August 31st total of 2,321 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,664 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of ALPS Active Equity Opportunity ETF

A number of hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its holdings in shares of ALPS Active Equity Opportunity ETF by 14.0% during the second quarter. Envestnet Asset Management Inc. now owns 12,571 shares of the company’s stock worth $948,000 after purchasing an additional 1,543 shares during the last quarter. Arsenal Capital Advisors LLC acquired a new position in shares of ALPS Active Equity Opportunity ETF in the fourth quarter valued at approximately $450,000. Finally, Tenzing Financial LLC acquired a new position in shares of ALPS Active Equity Opportunity ETF in the second quarter valued at approximately $218,000.

ALPS Active Equity Opportunity ETF Stock Performance

Shares of RFFC traded up $0.15 during trading hours on Friday, reaching $77.11. The stock had a trading volume of 640 shares, compared to its average volume of 1,065. ALPS Active Equity Opportunity ETF has a 12 month low of $63.01 and a 12 month high of $77.69. The stock has a market capitalization of $30.84 million, a PE ratio of 25.00 and a beta of 0.94. The company’s 50-day moving average is $76.16 and its two-hundred day moving average is $73.29.

ALPS Active Equity Opportunity ETF Company Profile

(Get Free Report)

The RiverFront Dynamic US Flex-Cap ETF (RFFC) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed fund of US stocks selected on the basis of multiple factors such as value, quality, and momentum. RFFC was launched on Jun 7, 2016 and is managed by RiverFront.

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