ALPS Active REIT ETF (NASDAQ:REIT) Short Interest Up 250.0% in November

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

ALPS Active REIT ETF Price Performance

Shares of ALPS Active REIT ETF stock traded up $0.16 during trading hours on Thursday, hitting $29.77. 27,808 shares of the company’s stock traded hands, compared to its average volume of 8,470. The stock has a market capitalization of $40.79 million, a price-to-earnings ratio of 29.33 and a beta of 1.01. ALPS Active REIT ETF has a 12-month low of $23.46 and a 12-month high of $30.00. The company has a fifty day simple moving average of $28.80 and a 200-day simple moving average of $27.32.

ALPS Active REIT ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Thursday, September 19th were given a dividend of $0.2134 per share. The ex-dividend date was Thursday, September 19th. This represents a $0.85 annualized dividend and a dividend yield of 2.87%.

Institutional Investors Weigh In On ALPS Active REIT ETF

A number of institutional investors and hedge funds have recently modified their holdings of REIT. Fermata Advisors LLC increased its position in shares of ALPS Active REIT ETF by 4.2% in the second quarter. Fermata Advisors LLC now owns 9,525 shares of the company’s stock worth $242,000 after purchasing an additional 384 shares during the last quarter. Arete Wealth Advisors LLC bought a new position in shares of ALPS Active REIT ETF in the 3rd quarter worth approximately $658,000. Finally, Ellsworth Advisors LLC boosted its holdings in shares of ALPS Active REIT ETF by 5.8% during the 2nd quarter. Ellsworth Advisors LLC now owns 112,307 shares of the company’s stock valued at $2,856,000 after buying an additional 6,160 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.