ALPS Active REIT ETF (NASDAQ:REIT) Short Interest Up 21.3% in January

ALPS Active REIT ETF (NASDAQ:REIT) was the target of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 4,667 shares, a growth of 21.3% from the January 15th total of 3,848 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average trading volume of 8,278 shares, the days-to-cover ratio is presently 0.6 days. Based on an average trading volume of 8,278 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.3% of the shares of the company are short sold.

ALPS Active REIT ETF Trading Up 0.5%

NASDAQ REIT traded up $0.14 on Tuesday, hitting $28.82. 6,234 shares of the company traded hands, compared to its average volume of 10,007. The business’s 50 day moving average price is $26.82 and its 200-day moving average price is $26.65. The company has a market capitalization of $48.42 million, a price-to-earnings ratio of 35.67 and a beta of 0.99. ALPS Active REIT ETF has a 52-week low of $23.40 and a 52-week high of $28.89.

Hedge Funds Weigh In On ALPS Active REIT ETF

A number of hedge funds have recently modified their holdings of REIT. Kestra Advisory Services LLC bought a new position in shares of ALPS Active REIT ETF in the fourth quarter worth about $38,000. Advisor OS LLC lifted its holdings in ALPS Active REIT ETF by 21.4% in the 3rd quarter. Advisor OS LLC now owns 12,193 shares of the company’s stock worth $327,000 after purchasing an additional 2,151 shares in the last quarter. Arete Wealth Advisors LLC boosted its stake in ALPS Active REIT ETF by 7.4% in the 4th quarter. Arete Wealth Advisors LLC now owns 47,671 shares of the company’s stock worth $1,255,000 after purchasing an additional 3,277 shares during the period. Kestra Private Wealth Services LLC grew its holdings in ALPS Active REIT ETF by 12.1% during the 3rd 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 in the last quarter. Finally, Ellsworth Advisors LLC raised its position in shares of ALPS Active REIT ETF by 4.6% during the fourth quarter. Ellsworth Advisors LLC now owns 145,061 shares of the company’s stock valued at $3,915,000 after buying an additional 6,326 shares during 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.