ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) Stock Short Interest Jumps 1,976.8%

ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) was the target of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 38,171 shares, an increase of 1,976.8% from the October 15th total of 1,838 shares. Currently, 0.9% of the shares of the stock are sold short. Based on an average daily volume of 66,241 shares, the short-interest ratio is presently 0.6 days.

Institutional Trading of ALPS Electrification Infrastructure ETF

Several hedge funds and other institutional investors have recently made changes to their positions in ELFY. Harbour Investments Inc. acquired a new position in shares of ALPS Electrification Infrastructure ETF during the third quarter worth $113,000. Royal Bank of Canada acquired a new stake in ALPS Electrification Infrastructure ETF in the first quarter valued at $118,000. Silver Oak Securities Incorporated bought a new position in ALPS Electrification Infrastructure ETF during the 3rd quarter worth $203,000. Sanctuary Advisors LLC bought a new position in ALPS Electrification Infrastructure ETF during the 1st quarter worth $206,000. Finally, Wellington Grp LLC acquired a new position in ALPS Electrification Infrastructure ETF during the 2nd quarter worth about $235,000.

ALPS Electrification Infrastructure ETF Stock Up 1.6%

Shares of NASDAQ ELFY traded up $0.60 during midday trading on Wednesday, reaching $37.54. 701 shares of the company were exchanged, compared to its average volume of 38,757. The stock’s 50-day moving average price is $38.69 and its 200-day moving average price is $41.03. The stock has a market cap of $161.44 million, a P/E ratio of 22.21 and a beta of 1.04. ALPS Electrification Infrastructure ETF has a one year low of $34.31 and a one year high of $45.92.

ALPS Electrification Infrastructure ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Thursday, September 17th were paid a dividend of $0.1104 per share. The ex-dividend date of this dividend was Thursday, September 17th. This is a positive change from ALPS Electrification Infrastructure ETF’s previous quarterly dividend of $0.1065. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.2%.

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.