ALPS Active REIT ETF (NASDAQ:REIT) Short Interest Up 250.0% in November

ALPS Active REIT ETF (NASDAQ:REIT) was the target of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 18,200 shares, an increase of 250.0% from the October 31st total of 5,200 shares. Based on an average daily trading volume, of 10,700 shares, the short-interest ratio is currently 1.7 days.

Institutional Investors Weigh In On ALPS Active REIT ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Fermata Advisors LLC grew its stake in shares of ALPS Active REIT ETF by 4.2% in the 2nd quarter. Fermata Advisors LLC now owns 9,525 shares of the company’s stock valued at $242,000 after buying an additional 384 shares during the period. Arete Wealth Advisors LLC bought a new position in ALPS Active REIT ETF in the third quarter worth approximately $658,000. Finally, Ellsworth Advisors LLC grew its stake in ALPS Active REIT ETF by 5.8% in the second quarter. Ellsworth Advisors LLC now owns 112,307 shares of the company’s stock valued at $2,856,000 after acquiring an additional 6,160 shares during the period.

ALPS Active REIT ETF Stock Up 0.5 %

REIT traded up $0.16 during trading on Thursday, reaching $29.77. 27,808 shares of the stock traded hands, compared to its average volume of 8,470. The stock’s 50-day moving average is $28.80 and its 200 day moving average is $27.32. ALPS Active REIT ETF has a 12 month low of $23.46 and a 12 month high of $30.00. The stock has a market capitalization of $40.79 million, a PE ratio of 29.33 and a beta of 1.01.

ALPS Active REIT ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Thursday, September 19th were given a dividend of $0.2134 per share. This represents a $0.85 annualized dividend and a dividend yield of 2.87%. The ex-dividend date was Thursday, September 19th.

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.