ALPS Active REIT ETF (NASDAQ:REIT) Short Interest Down 61.7% in January

ALPS Active REIT ETF (NASDAQ:REIT) was the target of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 3,848 shares, a drop of 61.7% from the December 31st total of 10,036 shares. Based on an average daily trading volume, of 13,890 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are short sold. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 13,890 shares, the days-to-cover ratio is presently 0.3 days.

ALPS Active REIT ETF Trading Up 0.4%

Shares of ALPS Active REIT ETF stock traded up $0.11 during trading hours on Friday, reaching $26.95. 10,623 shares of the company’s stock were exchanged, compared to its average volume of 11,071. The stock has a market cap of $45.28 million, a P/E ratio of 35.67 and a beta of 0.99. The company has a 50 day moving average of $26.57 and a two-hundred day moving average of $26.55. ALPS Active REIT ETF has a fifty-two week low of $23.40 and a fifty-two week high of $28.60.

Institutional Investors Weigh In On ALPS Active REIT ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Park Edge Advisors LLC acquired a new stake in ALPS Active REIT ETF in the 4th quarter valued at about $201,000. Ellsworth Advisors LLC raised its stake in ALPS Active REIT ETF by 4.6% in 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 period. Kestra Private Wealth Services LLC raised its stake in ALPS Active REIT ETF by 12.1% in the third 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 during the period. Arete Wealth Advisors LLC lifted its position in shares of ALPS Active REIT ETF by 13.1% in the third quarter. Arete Wealth Advisors LLC now owns 44,394 shares of the company’s stock valued at $1,187,000 after buying an additional 5,127 shares during the last quarter. Finally, Advisor OS LLC boosted its stake in shares of ALPS Active REIT ETF by 21.4% during the 3rd quarter. Advisor OS LLC now owns 12,193 shares of the company’s stock worth $327,000 after acquiring an additional 2,151 shares during the period.

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.