ALPS Active REIT ETF (NASDAQ:REIT) Stock Short Interest Report for October

ALPS Active REIT ETF (NASDAQ:REIT) was the target of a large drop in short interest in the month of October. As of October 30th, there was short interest totaling 12,718 shares, a drop of 53.7% from the October 15th total of 27,490 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average daily trading volume, of 8,083 shares, the days-to-cover ratio is currently 1.6 days.

Hedge Funds Weigh In On ALPS Active REIT ETF

Several hedge funds and other institutional investors have recently modified their holdings of REIT. Virtue Capital Management LLC grew its holdings in shares of ALPS Active REIT ETF by 29.5% during the 3rd quarter. Virtue Capital Management LLC now owns 27,767 shares of the company’s stock worth $788,000 after purchasing an additional 6,322 shares during the period. Cottage Street Advisors LLC purchased a new position in ALPS Active REIT ETF in the third quarter valued at approximately $237,000. Ellsworth Advisors LLC raised its holdings in ALPS Active REIT ETF by 2.6% in the third quarter. Ellsworth Advisors LLC now owns 163,286 shares of the company’s stock valued at $4,634,000 after buying an additional 4,137 shares during the period. Breakwater Capital Group purchased a new position in ALPS Active REIT ETF in the third quarter valued at approximately $638,000. Finally, Main Street Group LTD acquired a new position in ALPS Active REIT ETF during the first quarter valued at approximately $83,000.

ALPS Active REIT ETF Stock Performance

ALPS Active REIT ETF stock traded down $0.04 during midday trading on Friday, reaching $29.95. The stock had a trading volume of 5,002 shares, compared to its average volume of 9,717. The stock’s 50-day simple moving average is $29.02 and its 200 day simple moving average is $29.40. ALPS Active REIT ETF has a twelve month low of $26.06 and a twelve month high of $32.16. The stock has a market capitalization of $57.51 million, a PE ratio of 32.90 and a beta of 0.92.

ALPS Active REIT ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Thursday, September 17th were issued a $0.2723 dividend. This is a positive change from ALPS Active REIT ETF’s previous quarterly dividend of $0.2109. The ex-dividend date was Thursday, September 17th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.6%.

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.