Short Interest in ALPS Active REIT ETF (NASDAQ:REIT) Drops By 63.7%

Posted by Tyrone Williams on Dec 12th, 2024

ALPS Active REIT ETF (NASDAQ:REIT – Get Free Report) was the target of a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 6,600 shares, a decline of 63.7% from the November 15th total of 18,200 shares. Based on an average trading volume of 11,900 shares, the days-to-cover ratio is presently 0.6 days.

ALPS Active REIT ETF Trading Up 0.2 %

REIT stock traded up $0.05 during midday trading on Thursday, hitting $28.59. 2,771 shares of the company’s stock were exchanged, compared to its average volume of 8,702. The firm has a 50 day moving average price of $28.80 and a 200-day moving average price of $27.59. ALPS Active REIT ETF has a 12-month low of $23.61 and a 12-month high of $30.26. The stock has a market capitalization of $39.17 million, a price-to-earnings ratio of 29.33 and a beta of 1.01.

ALPS Active REIT ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Thursday, September 19th were given a $0.2134 dividend. This represents a $0.85 annualized dividend and a dividend yield of 2.99%. The ex-dividend date was Thursday, September 19th.

Hedge Funds Weigh In On ALPS Active REIT ETF

A hedge fund recently raised its stake in ALPS Active REIT ETF stock. Ellsworth Advisors LLC grew its holdings in shares of ALPS Active REIT ETF (NASDAQ:REIT – Free Report) by 5.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 112,307 shares of the company’s stock after purchasing an additional 6,160 shares during the period. Ellsworth Advisors LLC owned 10.90% of ALPS Active REIT ETF worth $2,856,000 as of its most recent SEC filing.

ALPS Active REIT ETF Company Profile

(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.