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

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

Hedge Funds Weigh In On ALPS Active REIT ETF

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

ALPS Active REIT ETF Price Performance

REIT stock traded down $0.19 during midday trading on Friday, hitting $30.32. The stock had a trading volume of 6,998 shares, compared to its average volume of 9,693. The firm has a market cap of $56.40 million, a price-to-earnings ratio of 35.67 and a beta of 0.93. The business has a 50-day moving average of $30.85 and a two-hundred day moving average of $29.65. ALPS Active REIT ETF has a 52-week low of $25.90 and a 52-week high of $32.16.

ALPS Active REIT ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Thursday, June 18th were given 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 of this dividend was Thursday, June 18th. This represents a $0.84 dividend on an annualized basis and a yield of 2.8%.

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.