ALPS Disruptive Technologies ETF (NYSEARCA:DTEC) Short Interest Down 25.1% in December

ALPS Disruptive Technologies ETF (NYSEARCA:DTEC) was the recipient of a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 568 shares, a decline of 25.1% from the December 15th total of 758 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 2,207 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 2,207 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the company’s shares are short sold.

ALPS Disruptive Technologies ETF Stock Performance

Shares of DTEC stock traded down $0.14 on Monday, hitting $49.23. The company had a trading volume of 5,120 shares, compared to its average volume of 2,711. The firm has a market cap of $83.69 million, a P/E ratio of 29.18 and a beta of 1.16. The stock’s 50-day moving average is $49.12 and its two-hundred day moving average is $49.89. ALPS Disruptive Technologies ETF has a twelve month low of $37.11 and a twelve month high of $52.97.

Institutional Trading of ALPS Disruptive Technologies ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DTEC. Cetera Investment Advisers raised its holdings in ALPS Disruptive Technologies ETF by 0.5% during the 2nd quarter. Cetera Investment Advisers now owns 121,746 shares of the company’s stock worth $6,006,000 after purchasing an additional 595 shares during the last quarter. Bank of America Corp DE increased its position in shares of ALPS Disruptive Technologies ETF by 10.3% during the third quarter. Bank of America Corp DE now owns 56,644 shares of the company’s stock worth $2,897,000 after buying an additional 5,273 shares during the period. Wedbush Securities Inc. raised its stake in ALPS Disruptive Technologies ETF by 3.0% during the third quarter. Wedbush Securities Inc. now owns 11,853 shares of the company’s stock worth $606,000 after buying an additional 343 shares during the last quarter. Scott Marsh Financial LLC acquired a new position in ALPS Disruptive Technologies ETF in the second quarter valued at $509,000. Finally, Jane Street Group LLC acquired a new position in ALPS Disruptive Technologies ETF in the second quarter valued at $492,000.

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.