ALPS Active REIT ETF (NASDAQ:REIT) Short Interest Up 286.9% in June

ALPS Active REIT ETF (NASDAQ:REIT) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totaling 23,143 shares, an increase of 286.9% from the May 31st total of 5,982 shares. Based on an average daily volume of 8,205 shares, the short-interest ratio is presently 2.8 days. Approximately 1.4% of the company’s stock are short sold.

ALPS Active REIT ETF Stock Up 1.4%

Shares of ALPS Active REIT ETF stock traded up $0.44 during trading hours on Friday, hitting $30.97. 6,085 shares of the company’s stock traded hands, compared to its average volume of 9,230. ALPS Active REIT ETF has a twelve month low of $25.63 and a twelve month high of $31.19. The stock has a 50 day simple moving average of $29.85 and a 200-day simple moving average of $28.32. The company has a market cap of $52.65 million, a PE ratio of 35.67 and a beta of 0.94.

ALPS Active REIT ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Thursday, June 18th were given a $0.2109 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.7%. This is a positive change from ALPS Active REIT ETF’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Thursday, June 18th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. acquired a new position in ALPS Active REIT ETF during the 1st quarter worth $413,000. Advisor OS LLC lifted its stake in shares of ALPS Active REIT ETF by 21.4% during the third quarter. Advisor OS LLC now owns 12,193 shares of the company’s stock valued at $327,000 after acquiring an additional 2,151 shares during the period. Arete Wealth Advisors LLC lifted its stake in shares of 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 acquiring an additional 5,127 shares during the period. Kestra Private Wealth Services LLC boosted its holdings 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 acquiring an additional 3,490 shares during the last quarter. Finally, Ellsworth Advisors LLC boosted its holdings in 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 acquiring an additional 6,326 shares during the last quarter.

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.