ALPS Active REIT ETF (NASDAQ:REIT) Sees Significant Decrease in Short Interest

ALPS Active REIT ETF (NASDAQ:REIT) was the target of a large drop in short interest in the month of March. As of March 31st, there was short interest totaling 1,659 shares, a drop of 23.4% from the March 15th total of 2,165 shares. Based on an average daily volume of 6,384 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s shares are sold short.

ALPS Active REIT ETF Stock Performance

Shares of NASDAQ:REIT traded up $0.43 during midday trading on Friday, reaching $29.79. The company had a trading volume of 7,263 shares, compared to its average volume of 8,935. ALPS Active REIT ETF has a 1-year low of $25.21 and a 1-year high of $29.80. The firm has a market cap of $50.35 million, a price-to-earnings ratio of 35.67 and a beta of 0.97. The company has a fifty day simple moving average of $28.29 and a two-hundred day simple moving average of $27.20.

ALPS Active REIT ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Thursday, March 19th were given a $0.1817 dividend. The ex-dividend date was Thursday, March 19th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 2.4%.

Hedge Funds Weigh In On ALPS Active REIT ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Ellsworth Advisors LLC boosted its position in shares of ALPS Active REIT ETF by 4.6% in the 4th quarter. Ellsworth Advisors LLC now owns 145,061 shares of the company’s stock valued at $3,915,000 after purchasing an additional 6,326 shares during the period. Arete Wealth Advisors LLC boosted its position in shares of ALPS Active REIT ETF by 7.4% in the 4th quarter. Arete Wealth Advisors LLC now owns 47,671 shares of the company’s stock valued at $1,255,000 after purchasing an additional 3,277 shares during the period. Kestra Private Wealth Services LLC boosted its position in shares of ALPS Active REIT ETF by 12.1% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 32,363 shares of the company’s stock valued at $867,000 after purchasing an additional 3,490 shares during the period. Goldman Sachs Group Inc. acquired a new position in shares of ALPS Active REIT ETF in the 1st quarter valued at $413,000. Finally, Advisor OS LLC boosted its position in shares of ALPS Active REIT ETF by 21.4% in the 3rd quarter. Advisor OS LLC now owns 12,193 shares of the company’s stock valued at $327,000 after purchasing an additional 2,151 shares during the period.

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.