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

ALPS Active REIT ETF (NASDAQ:REIT) was the target of a large decline in short interest in March. As of March 31st, there was short interest totalling 14,500 shares, a decline of 17.1% from the March 15th total of 17,500 shares. Approximately 0.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 15,300 shares, the short-interest ratio is presently 0.9 days.

Institutional Investors Weigh In On ALPS Active REIT ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in REIT. Ellsworth Advisors LLC increased its holdings in ALPS Active REIT ETF by 4.6% during the 4th quarter. Ellsworth Advisors LLC now owns 121,326 shares of the company’s stock valued at $3,307,000 after purchasing an additional 5,378 shares during the period. Park Edge Advisors LLC purchased a new stake in ALPS Active REIT ETF in the fourth quarter worth $381,000. Robertson Stephens Wealth Management LLC increased its position in ALPS Active REIT ETF by 383.0% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 116,917 shares of the company’s stock valued at $3,187,000 after purchasing an additional 92,709 shares during the period. Harbour Investments Inc. raised its holdings in ALPS Active REIT ETF by 1,388.6% in the 4th quarter. Harbour Investments Inc. now owns 2,471 shares of the company’s stock worth $67,000 after purchasing an additional 2,305 shares in the last quarter. Finally, Arbor Capital Management Inc. ADV lifted its position in shares of ALPS Active REIT ETF by 18.4% in the 4th quarter. Arbor Capital Management Inc. ADV now owns 24,835 shares of the company’s stock worth $682,000 after purchasing an additional 3,853 shares during the period.

ALPS Active REIT ETF Stock Performance

NASDAQ:REIT traded down $0.64 during mid-day trading on Monday, reaching $25.41. The stock had a trading volume of 9,003 shares, compared to its average volume of 11,395. The stock has a market capitalization of $41.93 million, a P/E ratio of 29.36 and a beta of 1.01. The firm has a 50 day moving average price of $26.97 and a two-hundred day moving average price of $27.75. ALPS Active REIT ETF has a one year low of $23.40 and a one year high of $30.26.

ALPS Active REIT ETF Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, March 25th. Stockholders of record on Thursday, March 20th were paid a $0.1998 dividend. The ex-dividend date was Thursday, March 20th. This is a positive change from ALPS Active REIT ETF’s previous dividend of $0.19.

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.