ALPS Active REIT ETF (NASDAQ:REIT) Short Interest Up 114.9% in April

ALPS Active REIT ETF (NASDAQ:REIT) saw a significant increase in short interest in April. As of April 30th, there was short interest totaling 8,857 shares, an increase of 114.9% from the April 15th total of 4,121 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily volume of 9,338 shares, the short-interest ratio is presently 0.9 days.

Institutional Investors Weigh In On ALPS Active REIT ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. bought a new stake in ALPS Active REIT ETF during the 1st quarter worth about $413,000. Advisor OS LLC raised its holdings in ALPS Active REIT ETF by 21.4% during the third quarter. Advisor OS LLC now owns 12,193 shares of the company’s stock worth $327,000 after acquiring an additional 2,151 shares in the last quarter. Arete Wealth Advisors LLC boosted its position in ALPS Active REIT ETF by 13.1% during the third quarter. Arete Wealth Advisors LLC now owns 44,394 shares of the company’s stock valued at $1,187,000 after purchasing an additional 5,127 shares during the last quarter. Kestra Private Wealth Services LLC grew its stake in ALPS Active REIT ETF by 12.1% in the third quarter. Kestra Private Wealth Services LLC now owns 32,363 shares of the company’s stock valued at $867,000 after purchasing an additional 3,490 shares in the last quarter. Finally, Ellsworth Advisors LLC increased its position in shares of ALPS Active REIT ETF by 4.6% during the 4th quarter. Ellsworth Advisors LLC now owns 145,061 shares of the company’s stock worth $3,915,000 after purchasing an additional 6,326 shares during the last quarter.

ALPS Active REIT ETF Stock Performance

Shares of ALPS Active REIT ETF stock opened at $29.24 on Friday. The business’s 50 day simple moving average is $28.63 and its 200 day simple moving average is $27.58. ALPS Active REIT ETF has a 52-week low of $25.63 and a 52-week high of $30.21. The firm has a market cap of $49.71 million, a PE ratio of 35.67 and a beta of 0.96.

ALPS Active REIT ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Thursday, March 19th were given a $0.1817 dividend. This represents a $0.73 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Thursday, March 19th.

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.