ALPS Active REIT ETF (NASDAQ:REIT) Short Interest Update

ALPS Active REIT ETF (NASDAQ:REIT) was the recipient of a significant drop in short interest in May. As of May 31st, there was short interest totalling 800 shares, a drop of 69.2% from the May 15th total of 2,600 shares. Based on an average daily volume of 5,600 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of ALPS Active REIT ETF

A number of institutional investors have recently bought and sold shares of the stock. Fermata Advisors LLC bought a new stake in ALPS Active REIT ETF in the first quarter worth $236,000. Principal Securities Inc. bought a new stake in shares of ALPS Active REIT ETF during the fourth quarter worth $28,000. Finally, National Bank of Canada FI lifted its position in shares of ALPS Active REIT ETF by 34.3% during the fourth quarter. National Bank of Canada FI now owns 2,908 shares of the company’s stock worth $77,000 after purchasing an additional 743 shares during the last quarter.

ALPS Active REIT ETF Stock Up 0.1 %

REIT traded up $0.03 during trading on Friday, reaching $25.24. The company had a trading volume of 3,010 shares, compared to its average volume of 6,391. The stock has a market cap of $24.48 million, a P/E ratio of 29.33 and a beta of 1.01. The business has a 50 day simple moving average of $24.70 and a 200-day simple moving average of $25.25. ALPS Active REIT ETF has a 52 week low of $21.10 and a 52 week high of $26.77.

ALPS Active REIT ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Friday, March 22nd were given a $0.2135 dividend. The ex-dividend date was Thursday, March 21st. This represents a $0.85 dividend on an annualized basis and a yield of 3.38%.

About ALPS Active REIT ETF

The ALPS Active REIT ETF (REIT) is an exchange-traded fund that mostly invests in real estate equity. The fund is an actively managed ETF that provides exposure to publicly traded equity securities of US REITs. REIT was launched on Feb 25, 2021 and is issued by SS&C.