ALPS Level Four Large Cap Growth Active ETF (NASDAQ: LGRO) saw a significant increase in short interest in June, with 5,000 shares being shorted by investors, marking a 733.3% growth from the previous total of 600 shares as of June 30th. With an average daily trading volume of 3,300 shares, the short-interest ratio currently stands at 1.5 days.
On Friday, LGRO stock opened at $31.92, showing a 0.6% increase. The stock has a 50-day simple moving average of $30.71 and a 200-day simple moving average of $29.69. With a market capitalization of $84.59 million, a PE ratio of 28.44, and a beta of 1.29, ALPS Level Four Large Cap Growth Active ETF has a twelve-month low of $22.99 and a high of $32.08.
ALPS Level Four Large Cap Growth Active ETF recently announced a quarterly dividend, which was paid on June 25th. Investors who were recorded on June 20th received a dividend of $0.0307 per share, representing an annualized dividend of $0.12 and a yield of 0.38%.
The Level Four Large Cap Growth Active ETF (LGRO) is an exchange-traded fund that focuses on investing in large-cap equities. The fund is actively managed and comprises US large-cap stocks selected based on quantitative analysis and fundamental research, targeting companies with strong growth potential within their respective market sectors.
In DailyBubble’s view, the increase in short interest and the positive performance of LGRO stock indicate investor interest in the fund’s growth potential. The recent dividend announcement also highlights the company’s commitment to rewarding shareholders.