ALPS Disruptive Technologies ETF (NYSEARCA:DTEC) Sees Significant Decline in Short Interest

ALPS Disruptive Technologies ETF (NYSEARCA:DTEC – Get Free Report) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 798 shares, a decrease of 95.3% from the September 30th total of 16,932 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 12,367 shares, the days-to-cover ratio is currently 0.1 days.

ALPS Disruptive Technologies ETF Stock Performance

Shares of DTEC stock traded up $0.02 during trading hours on Monday, hitting $52.24. 901 shares of the company were exchanged, compared to its average volume of 5,827. ALPS Disruptive Technologies ETF has a one year low of $41.99 and a one year high of $53.89. The business’s 50-day simple moving average is $51.75 and its two-hundred day simple moving average is $48.36. The stock has a market capitalization of $74.18 million, a price-to-earnings ratio of 29.18 and a beta of 1.15.

Institutional Trading of ALPS Disruptive Technologies ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Avior Wealth Management LLC acquired a new stake in ALPS Disruptive Technologies ETF during the third quarter valued at $4,859,000. Anson Capital Inc. acquired a new position in ALPS Disruptive Technologies ETF in the 2nd quarter worth about $212,000. Citadel Advisors LLC acquired a new position in ALPS Disruptive Technologies ETF in the 2nd quarter worth about $210,000. Finally, Western Wealth Management LLC raised its stake in shares of ALPS Disruptive Technologies ETF by 7.0% during the 1st quarter. Western Wealth Management LLC now owns 5,735 shares of the company’s stock worth $248,000 after purchasing an additional 377 shares in the last quarter.

About ALPS Disruptive Technologies ETF

(Get Free Report)

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.

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