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

ALPS Active Equity Opportunity ETF (NYSEARCA:RFFC) was the target of a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 796 shares, a decrease of 50.5% from the February 12th total of 1,609 shares. Based on an average daily volume of 670 shares, the short-interest ratio is presently 1.2 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 670 shares, the short-interest ratio is presently 1.2 days.

ALPS Active Equity Opportunity ETF Price Performance

Shares of NYSEARCA:RFFC traded down $0.94 during trading on Thursday, hitting $67.53. The company had a trading volume of 1,142 shares, compared to its average volume of 790. The stock has a market cap of $27.01 million, a price-to-earnings ratio of 25.00 and a beta of 0.96. The company has a fifty day simple moving average of $69.52 and a two-hundred day simple moving average of $66.64. ALPS Active Equity Opportunity ETF has a one year low of $49.26 and a one year high of $71.28.

Institutional Trading of ALPS Active Equity Opportunity ETF

A number of institutional investors have recently bought and sold shares of RFFC. Elevated Capital Advisors LLC bought a new position in ALPS Active Equity Opportunity ETF during the fourth quarter valued at $163,000. Main Street Financial Solutions LLC bought a new stake in shares of ALPS Active Equity Opportunity ETF in the 2nd quarter worth about $308,000. Arsenal Capital Advisors LLC purchased a new position in shares of ALPS Active Equity Opportunity ETF during the 4th quarter worth about $450,000. Envestnet Asset Management Inc. boosted its stake in shares of ALPS Active Equity Opportunity ETF by 10.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 11,057 shares of the company’s stock worth $710,000 after purchasing an additional 1,016 shares during the period. Finally, Alps Advisors Inc. grew its holdings in ALPS Active Equity Opportunity ETF by 7.6% during the 4th quarter. Alps Advisors Inc. now owns 165,685 shares of the company’s stock valued at $11,112,000 after purchasing an additional 11,730 shares during the last quarter.

ALPS Active Equity Opportunity ETF Company Profile

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.