Short Interest in ALPS Active REIT ETF (NASDAQ:REIT) Drops By 17.1%

ALPS Active REIT ETF (NASDAQ:REIT) was the recipient of a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 14,500 shares, a drop of 17.1% from the March 15th total of 17,500 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average daily volume of 15,300 shares, the days-to-cover ratio is currently 0.9 days.

ALPS Active REIT ETF Trading Down 2.5 %

Shares of NASDAQ REIT traded down $0.64 during midday trading on Monday, hitting $25.41. The company’s stock had a trading volume of 9,003 shares, compared to its average volume of 11,395. The stock has a fifty day moving average price of $26.97 and a 200 day moving average price of $27.75. The firm has a market capitalization of $41.93 million, a price-to-earnings ratio of 29.36 and a beta of 1.01. ALPS Active REIT ETF has a one year low of $23.40 and a one year high of $30.26.

ALPS Active REIT ETF Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, March 25th. Shareholders of record on Thursday, March 20th were given a dividend of $0.1998 per share. The ex-dividend date of this dividend was Thursday, March 20th. This is an increase from ALPS Active REIT ETF’s previous dividend of $0.19.

Hedge Funds Weigh In On ALPS Active REIT ETF

Large investors have recently made changes to their positions in the stock. Harbour Investments Inc. lifted its holdings in ALPS Active REIT ETF by 1,388.6% during the 4th quarter. Harbour Investments Inc. now owns 2,471 shares of the company’s stock worth $67,000 after purchasing an additional 2,305 shares in the last quarter. National Bank of Canada FI increased its position in shares of ALPS Active REIT ETF by 35.8% during the fourth quarter. National Bank of Canada FI now owns 3,822 shares of the company’s stock valued at $104,000 after buying an additional 1,007 shares during the period. Park Edge Advisors LLC purchased a new stake in shares of ALPS Active REIT ETF in the fourth quarter worth about $381,000. Arete Wealth Advisors LLC boosted its position in shares of ALPS Active REIT ETF by 8.0% in the fourth quarter. Arete Wealth Advisors LLC now owns 24,559 shares of the company’s stock valued at $669,000 after acquiring an additional 1,822 shares during the period. Finally, Arbor Capital Management Inc. ADV grew its stake in ALPS Active REIT ETF by 18.4% during the fourth quarter. Arbor Capital Management Inc. ADV now owns 24,835 shares of the company’s stock valued at $682,000 after acquiring an additional 3,853 shares in the last quarter.

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.