ALPS Active REIT ETF (NASDAQ:REIT) Short Interest Up 102.3% in February

ALPS Active REIT ETF (NASDAQ:REIT) saw a significant increase in short interest in February. As of February 27th, there was short interest totaling 3,974 shares, an increase of 102.3% from the February 12th total of 1,964 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 9,882 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 9,882 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are short sold.

ALPS Active REIT ETF Price Performance

REIT stock opened at $28.28 on Thursday. The stock has a market capitalization of $47.51 million, a P/E ratio of 35.67 and a beta of 0.99. ALPS Active REIT ETF has a fifty-two week low of $23.40 and a fifty-two week high of $29.38. The business has a 50-day moving average of $27.65 and a 200-day moving average of $26.97.

Hedge Funds Weigh In On ALPS Active REIT ETF

Several hedge funds have recently made changes to their positions in REIT. Ellsworth Advisors LLC raised its holdings in shares of ALPS Active REIT ETF by 4.6% in the fourth quarter. Ellsworth Advisors LLC now owns 145,061 shares of the company’s stock valued at $3,915,000 after purchasing an additional 6,326 shares during the last quarter. Arete Wealth Advisors LLC grew its position in ALPS Active REIT ETF by 7.4% in the fourth quarter. Arete Wealth Advisors LLC now owns 47,671 shares of the company’s stock valued at $1,255,000 after purchasing an additional 3,277 shares in the last quarter. Kestra Private Wealth Services LLC increased its stake in ALPS Active REIT ETF by 12.1% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 32,363 shares of the company’s stock valued at $867,000 after buying an additional 3,490 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in ALPS Active REIT ETF by 96.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 16,688 shares of the company’s stock valued at $439,000 after buying an additional 8,196 shares during the last quarter. Finally, Goldman Sachs Group Inc. bought a new stake in ALPS Active REIT ETF during the 1st quarter worth about $413,000.

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.