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 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 volume of 13,800 shares, the short-interest ratio is currently 1.1 days.

ALPS Active REIT ETF Stock Performance

Shares of NASDAQ REIT opened at $27.98 on Friday. ALPS Active REIT ETF has a fifty-two week low of $23.61 and a fifty-two week high of $30.26. The company has a 50 day simple moving average of $27.58 and a two-hundred day simple moving average of $28.19. The company has a market capitalization of $43.37 million, a price-to-earnings ratio of 29.33 and a beta of 1.01.

ALPS Active REIT ETF Dividend Announcement

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

Hedge Funds Weigh In On ALPS Active REIT ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Harbour Investments Inc. increased its stake in shares of ALPS Active REIT ETF by 1,388.6% during the fourth 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 in the last quarter. National Bank of Canada FI increased its stake in shares of ALPS Active REIT ETF by 35.8% during the fourth quarter. National Bank of Canada FI now owns 3,822 shares of the company’s stock valued at $104,000 after purchasing an additional 1,007 shares in the last quarter. Park Edge Advisors LLC purchased a new stake in shares of ALPS Active REIT ETF during the fourth quarter valued at approximately $381,000. Arete Wealth Advisors LLC purchased a new stake in shares of ALPS Active REIT ETF during the third quarter valued at approximately $658,000. Finally, Arbor Capital Management Inc. ADV grew its holdings in shares of ALPS Active REIT ETF by 18.4% during the fourth quarter. Arbor Capital Management Inc. ADV now owns 24,835 shares of the company’s stock valued at $682,000 after buying an additional 3,853 shares during the last quarter.

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.