ALPS Active REIT ETF (NASDAQ:REIT) Short Interest Update

ALPS Active REIT ETF (NASDAQ:REIT) saw a significant decline in short interest in February. As of February 13th, there was short interest totaling 1,964 shares, a decline of 57.9% from the January 29th total of 4,667 shares. Based on an average daily trading volume, of 8,296 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 8,296 shares, the short-interest ratio is currently 0.2 days.

ALPS Active REIT ETF Stock Performance

Shares of NASDAQ:REIT traded up $0.03 during midday trading on Friday, hitting $29.16. The company’s stock had a trading volume of 11,935 shares, compared to its average volume of 10,255. The business’s 50 day simple moving average is $27.27 and its 200 day simple moving average is $26.83. The company has a market cap of $48.99 million, a P/E ratio of 35.67 and a beta of 0.99. ALPS Active REIT ETF has a 12-month low of $23.40 and a 12-month high of $29.38.

Institutional Investors Weigh In On ALPS Active REIT ETF

Several institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. purchased a new stake in ALPS Active REIT ETF in the first quarter valued at approximately $413,000. Envestnet Asset Management Inc. increased its holdings in shares of ALPS Active REIT ETF by 96.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 16,688 shares of the company’s stock valued at $439,000 after acquiring an additional 8,196 shares during the period. Ellsworth Advisors LLC raised its position in ALPS Active REIT ETF by 6.2% in the 3rd quarter. Ellsworth Advisors LLC now owns 138,735 shares of the company’s stock valued at $3,702,000 after purchasing an additional 8,066 shares during the last quarter. Park Edge Advisors LLC purchased a new stake in ALPS Active REIT ETF in the 4th quarter valued at $201,000. Finally, Arete Wealth Advisors LLC boosted its stake in ALPS Active REIT ETF by 13.1% during the 3rd quarter. Arete Wealth Advisors LLC now owns 44,394 shares of the company’s stock worth $1,187,000 after purchasing an additional 5,127 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.