ALPS Disruptive Technologies ETF (NYSEARCA:DTEC) Stock Short Interest Jumps 5,298.4%

by · The Markets Daily

ALPS Disruptive Technologies ETF (NYSEARCA:DTEC – Get Free Report) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 27,046 shares, an increase of 5,298.4% from the August 31st total of 501 shares. Based on an average trading volume of 12,001 shares, the short-interest ratio is currently 2.3 days. Approximately 1.9% of the company’s shares are short sold.

Institutional Investors Weigh In On ALPS Disruptive Technologies ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Torrey Payne Wealth Management LLC acquired a new position in ALPS Disruptive Technologies ETF in the fourth quarter valued at $338,000. Western Wealth Management LLC raised its stake in shares of ALPS Disruptive Technologies ETF by 7.0% during the first 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 last quarter. Anson Capital Inc. purchased a new position in ALPS Disruptive Technologies ETF in the 2nd quarter valued at $212,000. Finally, Citadel Advisors LLC purchased a new position in shares of ALPS Disruptive Technologies ETF during the 2nd quarter worth approximately $210,000.

ALPS Disruptive Technologies ETF Stock Down 0.1%

NYSEARCA:DTEC traded down $0.04 on Thursday, reaching $51.51. 547 shares of the company’s stock were exchanged, compared to its average volume of 5,676. The firm has a market capitalization of $73.14 million, a price-to-earnings ratio of 29.18 and a beta of 1.14. ALPS Disruptive Technologies ETF has a 52-week low of $41.99 and a 52-week high of $53.89. The business has a fifty day moving average of $51.26 and a 200-day moving average of $48.20.

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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