ALPS Disruptive Technologies ETF (NYSEARCA:DTEC – Get Free Report) was the target of a large decrease in short interest in the month of October. As of October 30th, there was short interest totaling 13 shares, a decrease of 98.4% from the October 15th total of 798 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 4,190 shares, the days-to-cover ratio is presently 0.0 days.
Hedge Funds Weigh In On ALPS Disruptive Technologies ETF
A number of hedge funds have recently bought and sold shares of DTEC. Avior Wealth Management LLC bought a new stake in ALPS Disruptive Technologies ETF during the third quarter valued at $4,859,000. Citadel Advisors LLC bought a new position in shares of ALPS Disruptive Technologies ETF in the 2nd quarter worth about $210,000. Anson Capital Inc. bought a new position in shares of ALPS Disruptive Technologies ETF in the 2nd quarter worth about $212,000. Finally, Western Wealth Management LLC lifted its stake in shares of ALPS Disruptive Technologies ETF by 7.0% in the 1st quarter. Western Wealth Management LLC now owns 5,735 shares of the company’s stock valued at $248,000 after purchasing an additional 377 shares during the period.
ALPS Disruptive Technologies ETF Stock Down 0.8%
ALPS Disruptive Technologies ETF stock traded down $0.41 during mid-day trading on Tuesday, hitting $50.35. 1,208 shares of the stock were exchanged, compared to its average volume of 5,800. The stock has a market capitalization of $72.00 million, a price-to-earnings ratio of 26.94 and a beta of 1.14. ALPS Disruptive Technologies ETF has a 12 month low of $41.99 and a 12 month high of $53.89. The firm’s fifty day simple moving average is $51.40 and its two-hundred day simple moving average is $48.46.
ALPS Disruptive Technologies ETF Company Profile
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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