ALPS Active REIT ETF (NASDAQ:REIT) Short Interest Update

ALPS Active REIT ETF (NASDAQ:REIT) was the recipient of a large drop in short interest in March. As of March 31st, there was short interest totaling 1,659 shares, a drop of 23.4% from the March 15th total of 2,165 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 6,384 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On ALPS Active REIT ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in REIT. Kestra Advisory Services LLC bought a new position in ALPS Active REIT ETF during the 4th quarter valued at $38,000. Park Edge Advisors LLC bought a new stake in shares of ALPS Active REIT ETF during the 4th quarter worth $201,000. Advisor OS LLC boosted its stake in shares of ALPS Active REIT ETF by 21.4% during the 3rd 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. Goldman Sachs Group Inc. bought a new stake in shares of ALPS Active REIT ETF during the 1st quarter worth $413,000. Finally, Kestra Private Wealth Services LLC boosted its stake in shares of ALPS Active REIT ETF by 12.1% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 32,363 shares of the company’s stock worth $867,000 after acquiring an additional 3,490 shares in the last quarter.

ALPS Active REIT ETF Stock Performance

Shares of NASDAQ REIT opened at $29.12 on Wednesday. The stock has a fifty day moving average price of $28.21 and a two-hundred day moving average price of $27.17. The firm has a market cap of $49.21 million, a P/E ratio of 35.67 and a beta of 0.97. ALPS Active REIT ETF has a 1 year low of $25.21 and a 1 year high of $29.38.

ALPS Active REIT ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Thursday, March 19th were paid a dividend of $0.1817 per share. This represents a $0.73 dividend on an annualized basis and a 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.