ALPS Disruptive Technologies ETF (NYSEARCA:DTEC) Stock Short Interest Falls 37.4%

by · The Markets Daily

ALPS Disruptive Technologies ETF (NYSEARCA:DTEC – Get Free Report) was the target of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 16,932 shares, a decrease of 37.4% from the September 15th total of 27,046 shares. Approximately 1.2% of the company’s shares are short sold. Based on an average daily volume of 2,403 shares, the short-interest ratio is presently 7.0 days.

ALPS Disruptive Technologies ETF Trading Down 2.2%

NYSEARCA DTEC traded down $1.16 on Friday, hitting $50.55. The company’s stock had a trading volume of 1,183 shares, compared to its average volume of 5,952. ALPS Disruptive Technologies ETF has a 52-week low of $41.99 and a 52-week high of $53.89. The company’s 50-day simple moving average is $51.88 and its 200 day simple moving average is $48.99. The firm has a market cap of $71.78 million, a P/E ratio of 29.18 and a beta of 1.15.

Hedge Funds Weigh In On ALPS Disruptive Technologies ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in DTEC. Avior Wealth Management LLC bought a new stake in ALPS Disruptive Technologies ETF in the third quarter valued at $4,859,000. Torrey Payne Wealth Management LLC bought a new position in ALPS Disruptive Technologies ETF in the 4th quarter worth $338,000. Anson Capital Inc. bought a new position in ALPS Disruptive Technologies ETF in the 2nd quarter worth $212,000. Citadel Advisors LLC purchased a new stake in shares of ALPS Disruptive Technologies ETF in the 2nd quarter worth about $210,000. Finally, Western Wealth Management LLC lifted its position 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 worth $248,000 after purchasing an additional 377 shares during the period.

ALPS Disruptive Technologies ETF Company Profile

(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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