Short Interest in ALPS Active REIT ETF (NASDAQ:REIT) Rises By 33.3%

ALPS Active REIT ETF (NASDAQ:REIT) was the recipient of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 5,200 shares, a growth of 33.3% from the October 15th total of 3,900 shares. Based on an average trading volume of 10,800 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On ALPS Active REIT ETF

An institutional investor recently raised its position in ALPS Active REIT ETF stock. Ellsworth Advisors LLC grew its holdings in ALPS Active REIT ETF (NASDAQ:REIT) by 5.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,307 shares of the company’s stock after purchasing an additional 6,160 shares during the quarter. Ellsworth Advisors LLC owned about 10.90% of ALPS Active REIT ETF worth $2,856,000 as of its most recent SEC filing.

ALPS Active REIT ETF Stock Performance

Shares of REIT traded down $0.02 during trading hours on Friday, hitting $28.42. 9,248 shares of the stock were exchanged, compared to its average volume of 8,439. The stock’s 50-day moving average price is $28.80 and its two-hundred day moving average price is $27.04. The company has a market cap of $38.94 million, a price-to-earnings ratio of 29.33 and a beta of 1.01. ALPS Active REIT ETF has a 12-month low of $23.30 and a 12-month high of $29.74.

ALPS Active REIT ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Thursday, September 19th were given a $0.2134 dividend. This represents a $0.85 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date was Thursday, September 19th.

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.