Short Interest in ALPS Active REIT ETF (NASDAQ:REIT) Rises By 102.3%

ALPS Active REIT ETF (NASDAQ:REIT) was the target of a significant increase in short interest in February. As of February 27th, there was short interest totaling 3,974 shares, an increase of 102.3% from the February 12th total of 1,964 shares. Based on an average daily trading volume, of 9,882 shares, the days-to-cover ratio is presently 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 daily trading volume, of 9,882 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On ALPS Active REIT ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. bought a new position in shares of ALPS Active REIT ETF during the 1st quarter worth approximately $413,000. Envestnet Asset Management Inc. lifted its position in shares of ALPS Active REIT ETF by 96.5% in the second quarter. Envestnet Asset Management Inc. now owns 16,688 shares of the company’s stock worth $439,000 after purchasing an additional 8,196 shares in the last quarter. Ellsworth Advisors LLC boosted its holdings in ALPS Active REIT ETF by 6.2% during the third quarter. Ellsworth Advisors LLC now owns 138,735 shares of the company’s stock worth $3,702,000 after purchasing an additional 8,066 shares during the last quarter. Park Edge Advisors LLC acquired a new position in ALPS Active REIT ETF during the fourth quarter worth $201,000. Finally, Arete Wealth Advisors LLC boosted its holdings in ALPS Active REIT ETF by 13.1% during the third quarter. Arete Wealth Advisors LLC now owns 44,394 shares of the company’s stock worth $1,187,000 after purchasing an additional 5,127 shares during the last quarter.

ALPS Active REIT ETF Trading Down 0.0%

Shares of REIT traded down $0.01 during mid-day trading on Friday, hitting $28.15. 7,453 shares of the company traded hands, compared to its average volume of 9,689. The business has a 50-day moving average of $27.72 and a 200 day moving average of $26.99. ALPS Active REIT ETF has a one year low of $23.40 and a one year high of $29.38. The stock has a market capitalization of $47.29 million, a price-to-earnings ratio of 35.67 and a beta of 0.99.

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.