ALPS Active REIT ETF (NASDAQ:REIT) Sees Significant Increase in Short Interest

ALPS Active REIT ETF (NASDAQ:REIT) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totalling 23,100 shares, a growth of 250.0% from the November 30th total of 6,600 shares. Based on an average daily volume of 11,800 shares, the days-to-cover ratio is presently 2.0 days.

Hedge Funds Weigh In On ALPS Active REIT ETF

An institutional investor recently bought a new position in ALPS Active REIT ETF stock. Arete Wealth Advisors LLC bought a new stake in ALPS Active REIT ETF (NASDAQ:REIT) during the third quarter, according to its most recent filing with the SEC. The firm bought 22,737 shares of the company’s stock, valued at approximately $658,000. Arete Wealth Advisors LLC owned about 1.66% of ALPS Active REIT ETF at the end of the most recent quarter.

ALPS Active REIT ETF Stock Performance

Shares of ALPS Active REIT ETF stock traded down $0.36 during trading on Friday, hitting $27.15. 20,536 shares of the stock traded hands, compared to its average volume of 8,895. The company has a fifty day moving average price of $28.56 and a two-hundred day moving average price of $27.80. ALPS Active REIT ETF has a twelve month low of $23.61 and a twelve month high of $30.26. The stock has a market cap of $37.20 million, a P/E ratio of 29.33 and a beta of 1.01.

ALPS Active REIT ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Thursday, December 26th. Investors of record on Thursday, December 19th were issued a $0.1895 dividend. The ex-dividend date was Thursday, December 19th.

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.