ALPS Active REIT ETF (NASDAQ:REIT) Stock Short Interest Report for October

ALPS Active REIT ETF (NASDAQ:REIT) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 27,490 shares, an increase of 264.1% from the September 30th total of 7,550 shares. Based on an average trading volume of 10,614 shares, the short-interest ratio is currently 2.6 days. Currently, 1.4% of the shares of the company are short sold.

ALPS Active REIT ETF Stock Performance

REIT traded down $0.00 on Friday, reaching $29.03. The company had a trading volume of 1,478 shares, compared to its average volume of 9,748. The company’s fifty day moving average is $29.17 and its 200 day moving average is $29.24. The stock has a market cap of $55.44 million, a P/E ratio of 35.67 and a beta of 0.93. ALPS Active REIT ETF has a fifty-two week low of $26.06 and a fifty-two week high of $32.16.

ALPS Active REIT ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 22nd. Investors of record on Thursday, September 17th were paid a $0.2723 dividend. This represents a $1.09 annualized dividend and a dividend yield of 3.8%. This is a boost from ALPS Active REIT ETF’s previous quarterly dividend of $0.2109. The ex-dividend date was Thursday, September 17th.

Hedge Funds Weigh In On ALPS Active REIT ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Virtue Capital Management LLC grew its holdings in shares of ALPS Active REIT ETF by 29.5% during the 3rd quarter. Virtue Capital Management LLC now owns 27,767 shares of the company’s stock worth $788,000 after purchasing an additional 6,322 shares in the last quarter. Cottage Street Advisors LLC acquired a new position in ALPS Active REIT ETF in the third quarter valued at about $237,000. Ellsworth Advisors LLC lifted its position in ALPS Active REIT ETF by 2.6% during the third quarter. Ellsworth Advisors LLC now owns 163,286 shares of the company’s stock worth $4,634,000 after purchasing an additional 4,137 shares during the period. Breakwater Capital Group bought a new stake in ALPS Active REIT ETF during the third quarter worth about $638,000. Finally, Main Street Group LTD acquired a new stake in ALPS Active REIT ETF during the first quarter worth about $83,000.

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.