ALPS Active REIT ETF (NASDAQ:REIT) Short Interest Down 41.6% in December

ALPS Active REIT ETF (NASDAQ:REIT) was the target of a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 2,942 shares, a decline of 41.6% from the November 30th total of 5,037 shares. Based on an average trading volume of 7,898 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the shares of the company are sold short. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 7,898 shares, the days-to-cover ratio is currently 0.4 days.

ALPS Active REIT ETF Price Performance

Shares of REIT opened at $26.38 on Friday. The stock has a market capitalization of $44.85 million, a PE ratio of 35.67 and a beta of 0.99. The business’s fifty day moving average price is $26.58 and its 200 day moving average price is $26.53. ALPS Active REIT ETF has a 12-month low of $23.40 and a 12-month high of $28.60.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Farther Finance Advisors LLC bought a new stake in shares of ALPS Active REIT ETF during the second quarter valued at about $35,000. Main Street Group LTD increased its stake in ALPS Active REIT ETF by 187.9% during the 2nd quarter. Main Street Group LTD now owns 2,372 shares of the company’s stock valued at $62,000 after buying an additional 1,548 shares during the period. Advisor OS LLC raised its position in shares of ALPS Active REIT ETF by 21.4% during the 3rd quarter. Advisor OS LLC now owns 12,193 shares of the company’s stock worth $327,000 after buying an additional 2,151 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of ALPS Active REIT ETF during the 1st quarter worth about $413,000. Finally, Envestnet Asset Management Inc. lifted its stake in shares of ALPS Active REIT ETF by 96.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 16,688 shares of the company’s stock worth $439,000 after acquiring an additional 8,196 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.