Short Interest in ALPS Active REIT ETF (NASDAQ:REIT) Rises By 250.0%

ALPS Active REIT ETF (NASDAQ:REIT) saw a significant increase in short interest in November. As of November 15th, there was short interest totalling 18,200 shares, an increase of 250.0% from the October 31st total of 5,200 shares. Based on an average trading volume of 10,700 shares, the short-interest ratio is currently 1.7 days.

ALPS Active REIT ETF Stock Up 1.0 %

REIT traded up $0.29 during trading hours on Wednesday, reaching $29.90. 12,202 shares of the company’s stock traded hands, compared to its average volume of 8,400. ALPS Active REIT ETF has a 52-week low of $23.46 and a 52-week high of $30.00. The firm has a 50-day moving average price of $28.79 and a 200 day moving average price of $27.30. The firm has a market capitalization of $40.96 million, a PE ratio of 29.33 and a beta of 1.01.

ALPS Active REIT ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Thursday, September 19th were given a $0.2134 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.85 dividend on an annualized basis and a dividend yield of 2.86%.

Hedge Funds Weigh In On ALPS Active REIT ETF

Institutional investors have recently bought and sold shares of the company. Arete Wealth Advisors LLC purchased a new position in shares of ALPS Active REIT ETF in the 3rd quarter valued at about $658,000. Ellsworth Advisors LLC increased its stake in ALPS Active REIT ETF by 5.8% in the 2nd quarter. Ellsworth Advisors LLC now owns 112,307 shares of the company’s stock valued at $2,856,000 after purchasing an additional 6,160 shares in the last quarter. Finally, Fermata Advisors LLC increased its stake in shares of ALPS Active REIT ETF by 4.2% during the 2nd quarter. Fermata Advisors LLC now owns 9,525 shares of the company’s stock worth $242,000 after purchasing an additional 384 shares in the last quarter.

ALPS Active REIT ETF Company Profile

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.