Short Interest in ALPS Active REIT ETF (NASDAQ:REIT) Drops By 35.4%

ALPS Active REIT ETF (NASDAQ:REIT) saw a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 15,300 shares, a drop of 35.4% from the January 15th total of 23,700 shares. Based on an average daily trading volume, of 13,800 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Arete Wealth Advisors LLC lifted 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 worth $669,000 after purchasing an additional 1,822 shares in the last quarter. National Bank of Canada FI lifted its stake in shares of ALPS Active REIT ETF by 35.8% in the fourth quarter. National Bank of Canada FI now owns 3,822 shares of the company’s stock worth $104,000 after buying an additional 1,007 shares during the last quarter. Arbor Capital Management Inc. ADV lifted its stake in shares of ALPS Active REIT ETF by 18.4% in the fourth quarter. Arbor Capital Management Inc. ADV now owns 24,835 shares of the company’s stock worth $682,000 after buying an additional 3,853 shares during the last quarter. Harbour Investments Inc. raised its stake 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 valued at $67,000 after purchasing an additional 2,305 shares during the last quarter. Finally, Robertson Stephens Wealth Management LLC raised its stake in ALPS Active REIT ETF by 383.0% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 116,917 shares of the company’s stock valued at $3,187,000 after purchasing an additional 92,709 shares during the last quarter.

ALPS Active REIT ETF Trading Down 0.5 %

Shares of REIT traded down $0.14 during midday trading on Friday, hitting $27.84. The stock had a trading volume of 5,937 shares, compared to its average volume of 13,351. ALPS Active REIT ETF has a fifty-two week low of $23.61 and a fifty-two week high of $30.26. The business has a 50-day simple moving average of $27.54 and a two-hundred day simple moving average of $28.20. The firm has a market cap of $43.15 million, a P/E ratio of 29.33 and a beta of 1.01.

ALPS Active REIT ETF Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, December 26th. Shareholders of record on Thursday, December 19th were issued a $0.1895 dividend. The ex-dividend date of this dividend was Thursday, December 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.