ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) Short Interest Update

ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) saw a large decline in short interest during the month of March. As of March 31st, there was short interest totaling 11,231 shares, a decline of 50.4% from the March 15th total of 22,656 shares. Based on an average trading volume of 22,081 shares, the short-interest ratio is currently 0.5 days. Approximately 0.3% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ELFY. Tripletail Wealth Management LLC bought a new position in shares of ALPS Electrification Infrastructure ETF during the 3rd quarter valued at about $27,000. Farther Finance Advisors LLC bought a new position in shares of ALPS Electrification Infrastructure ETF during the 3rd quarter valued at about $89,000. Harbour Investments Inc. boosted its holdings in shares of ALPS Electrification Infrastructure ETF by 135.8% during the 4th quarter. Harbour Investments Inc. now owns 2,728 shares of the company’s stock valued at $96,000 after purchasing an additional 1,571 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in shares of ALPS Electrification Infrastructure ETF during the 4th quarter valued at about $216,000. Finally, Noble Wealth Management PBC boosted its holdings in shares of ALPS Electrification Infrastructure ETF by 1,496.6% during the 4th quarter. Noble Wealth Management PBC now owns 7,983 shares of the company’s stock valued at $281,000 after purchasing an additional 7,483 shares during the last quarter.

ALPS Electrification Infrastructure ETF Stock Up 0.4%

Shares of NASDAQ ELFY opened at $41.78 on Friday. The company has a 50 day moving average of $40.07 and a 200 day moving average of $37.64. ALPS Electrification Infrastructure ETF has a twelve month low of $26.05 and a twelve month high of $42.12. The firm has a market cap of $155.84 million, a P/E ratio of 21.95 and a beta of -1.41.

ALPS Electrification Infrastructure ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Thursday, March 19th were issued a dividend of $0.1046 per share. This represents a $0.42 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Thursday, March 19th.

About ALPS Electrification Infrastructure ETF

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.