ALPS Level Four Large Cap Growth Active ETF (NASDAQ:LGRO) Sees Large Decline in Short Interest

ALPS Level Four Large Cap Growth Active ETF (NASDAQ:LGRO) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totalling 100 shares, a decrease of 90.9% from the September 30th total of 1,100 shares. Based on an average trading volume of 3,400 shares, the days-to-cover ratio is currently 0.0 days.

ALPS Level Four Large Cap Growth Active ETF Stock Performance

Shares of NASDAQ:LGRO remained flat at $33.32 during midday trading on Friday. The stock had a trading volume of 6,013 shares, compared to its average volume of 4,801. ALPS Level Four Large Cap Growth Active ETF has a 1 year low of $22.99 and a 1 year high of $34.23. The company has a market capitalization of $87.31 million, a P/E ratio of 28.44 and a beta of 1.29. The stock’s 50 day moving average price is $32.34 and its 200 day moving average price is $31.08.

ALPS Level Four Large Cap Growth Active ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Thursday, September 19th were paid a dividend of $0.0314 per share. The ex-dividend date was Thursday, September 19th. This represents a $0.13 annualized dividend and a yield of 0.38%. This is a boost from ALPS Level Four Large Cap Growth Active ETF’s previous quarterly dividend of $0.03.

About ALPS Level Four Large Cap Growth Active ETF

The Level Four Large Cap Growth Active ETF (LGRO) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed portfolio of US large cap stocks. Holdings are managed based on quantitative analysis and fundamental research, selecting those companies perceived to have favorable growth potential within their market sector.