ALPS Active REIT ETF (NASDAQ:REIT) Sees Large Decline in Short Interest

ALPS Active REIT ETF (NASDAQ:REIT) was the target of a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 6,900 shares, a drop of 52.4% from the March 31st total of 14,500 shares. Based on an average daily trading volume, of 14,800 shares, the short-interest ratio is presently 0.5 days. Approximately 0.4% of the company’s stock are sold short.

Institutional Trading of ALPS Active REIT ETF

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

ALPS Active REIT ETF Stock Performance

NASDAQ:REIT traded up $0.04 during trading hours on Monday, hitting $26.17. 2,464 shares of the company’s stock traded hands, compared to its average volume of 11,457. The stock’s fifty day moving average price is $26.78 and its two-hundred day moving average price is $27.66. The firm has a market cap of $43.17 million, a P/E ratio of 29.36 and a beta of 1.01. ALPS Active REIT ETF has a twelve month low of $23.40 and a twelve month high of $30.26.

ALPS Active REIT ETF Increases Dividend

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

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.