ALPS Active REIT ETF (NASDAQ:REIT) Sees Significant Drop in Short Interest

ALPS Active REIT ETF (NASDAQ:REIT) was the recipient of a significant decline in short interest in August. As of August 14th, there was short interest totaling 5,930 shares, a decline of 68.5% from the July 30th total of 18,830 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average trading volume of 16,627 shares, the short-interest ratio is currently 0.4 days.

ALPS Active REIT ETF Stock Performance

NASDAQ:REIT traded down $0.19 on Friday, reaching $30.32. The company’s stock had a trading volume of 6,998 shares, compared to its average volume of 9,693. ALPS Active REIT ETF has a 1-year low of $25.90 and a 1-year high of $32.16. The business’s 50-day moving average price is $30.85 and its two-hundred day moving average price is $29.65. The firm has a market cap of $56.40 million, a PE ratio of 35.67 and a beta of 0.93.

ALPS Active REIT ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Thursday, June 18th were issued a dividend of $0.2109 per share. This is a boost from ALPS Active REIT ETF’s previous quarterly dividend of $0.18. The ex-dividend date was Thursday, June 18th. This represents a $0.84 annualized dividend and a dividend yield of 2.8%.

Hedge Funds Weigh In On ALPS Active REIT ETF

Several institutional investors and hedge funds have recently modified their holdings of REIT. Kestra Advisory Services LLC acquired a new stake in ALPS Active REIT ETF during the 4th quarter worth approximately $38,000. Main Street Group LTD acquired a new position in shares of ALPS Active REIT ETF in the first quarter valued at approximately $83,000. Goldman Sachs Group Inc. acquired a new position in shares of ALPS Active REIT ETF in the first quarter valued at approximately $413,000. Kestra Private Wealth Services LLC increased its position in shares of ALPS Active REIT ETF by 12.1% during the third quarter. Kestra Private Wealth Services LLC now owns 32,363 shares of the company’s stock worth $867,000 after acquiring an additional 3,490 shares in the last quarter. Finally, Arete Wealth Advisors LLC increased its position in shares of ALPS Active REIT ETF by 7.4% during the fourth quarter. Arete Wealth Advisors LLC now owns 47,671 shares of the company’s stock worth $1,255,000 after acquiring an additional 3,277 shares in the last quarter.

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.