Short Interest in ALPS Active REIT ETF (NASDAQ:REIT) Rises By 33.3%

Posted by Renee Jackson on Nov 16th, 2024

ALPS Active REIT ETF (NASDAQ:REIT – Get Free Report) was the recipient of a large increase in short interest in October. As of October 31st, there was short interest totalling 5,200 shares, an increase of 33.3% from the October 15th total of 3,900 shares. Based on an average daily volume of 10,800 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On ALPS Active REIT ETF

A hedge fund recently raised its stake in ALPS Active REIT ETF stock. Fermata Advisors LLC grew its stake in ALPS Active REIT ETF (NASDAQ:REIT – Free Report) by 4.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,525 shares of the company’s stock after purchasing an additional 384 shares during the quarter. Fermata Advisors LLC owned approximately 0.93% of ALPS Active REIT ETF worth $242,000 as of its most recent SEC filing.

ALPS Active REIT ETF Price Performance

NASDAQ REIT traded down $0.02 during trading hours on Friday, reaching $28.42. The company’s stock had a trading volume of 9,248 shares, compared to its average volume of 8,439. ALPS Active REIT ETF has a 1-year low of $23.30 and a 1-year high of $29.74. The company’s 50-day moving average is $28.80 and its two-hundred day moving average is $27.04. The firm has a market capitalization of $38.94 million, a price-to-earnings ratio of 29.33 and a beta of 1.01.

ALPS Active REIT ETF Cuts Dividend

The firm also recently announced 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. The ex-dividend date was Thursday, September 19th. This represents a $0.85 dividend on an annualized basis and a dividend yield of 3.00%.

About ALPS Active REIT ETF

(Get Free Report)

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.