ALPS Active REIT ETF (NASDAQ:REIT – Get Free Report) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 8,602 shares, an increase of 73.0% from the August 31st total of 4,971 shares. Based on an average trading volume of 9,024 shares, the short-interest ratio is presently 1.0 days. Currently, 0.5% of the shares of the company are short sold.
ALPS Active REIT ETF Trading Down 0.7%
NASDAQ REIT traded down $0.20 on Thursday, hitting $28.18. 11,045 shares of the company traded hands, compared to its average volume of 9,845. The business’s 50 day moving average price is $30.21 and its 200-day moving average price is $29.78. ALPS Active REIT ETF has a 52-week low of $25.90 and a 52-week high of $32.16. The company has a market capitalization of $52.98 million, a price-to-earnings ratio of 35.67 and a beta of 0.93.
ALPS Active REIT ETF Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Thursday, September 17th were paid a dividend of $0.2723 per share. This represents a $1.09 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Thursday, September 17th. This is a positive change from ALPS Active REIT ETF’s previous quarterly dividend of $0.2109.
Institutional Inflows and Outflows
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.
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