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

ALPS Active REIT ETF (NASDAQ:REIT) saw a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 5,930 shares, a drop of 68.5% from the July 30th total of 18,830 shares. Based on an average daily volume of 16,627 shares, the short-interest ratio is presently 0.4 days. Approximately 0.3% of the shares of the company are short sold.

ALPS Active REIT ETF Trading Down 0.5%

NASDAQ REIT opened at $30.83 on Thursday. The company has a market cap of $57.34 million, a P/E ratio of 35.67 and a beta of 0.93. ALPS Active REIT ETF has a 1 year low of $25.90 and a 1 year high of $32.16. The company has a fifty day simple moving average of $30.82 and a 200 day simple moving average of $29.63.

ALPS Active REIT ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Thursday, June 18th were paid a dividend of $0.2109 per share. This represents a $0.84 annualized dividend and a yield of 2.7%. The ex-dividend date was Thursday, June 18th. This is a positive change from ALPS Active REIT ETF’s previous quarterly dividend of $0.18.

Institutional Trading of ALPS Active REIT ETF

A number of hedge funds have recently bought and sold shares of the stock. Main Street Group LTD bought a new position in shares of ALPS Active REIT ETF during the 1st quarter worth about $83,000. Kestra Advisory Services LLC acquired a new position in shares of ALPS Active REIT ETF during the fourth quarter valued at about $38,000. Arete Wealth Advisors LLC lifted its stake in shares of ALPS Active REIT ETF by 7.4% in the fourth quarter. Arete Wealth Advisors LLC now owns 47,671 shares of the company’s stock valued at $1,255,000 after buying an additional 3,277 shares during the period. Kestra Private Wealth Services LLC lifted its stake in shares of ALPS Active REIT ETF by 12.1% in the third quarter. Kestra Private Wealth Services LLC now owns 32,363 shares of the company’s stock valued at $867,000 after buying an additional 3,490 shares during the period. Finally, Goldman Sachs Group Inc. acquired a new stake in ALPS Active REIT ETF during the first quarter worth about $413,000.

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.