ALPS Active REIT ETF (NASDAQ:REIT) Sees Significant Increase in Short Interest

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

Institutional Trading of ALPS Active REIT ETF

Large investors have recently made changes to their positions in the business. Kestra Advisory Services LLC acquired a new position in ALPS Active REIT ETF during the 4th quarter worth about $38,000. Goldman Sachs Group Inc. acquired a new stake in ALPS Active REIT ETF in the 1st quarter valued at about $413,000. Kestra Private Wealth Services LLC raised its stake in shares of 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 worth $867,000 after acquiring an additional 3,490 shares during the last quarter. Arete Wealth Advisors LLC raised its stake in shares of 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 worth $1,255,000 after acquiring an additional 3,277 shares during the last quarter. Finally, Advisor OS LLC raised its stake in shares of ALPS Active REIT ETF by 21.4% in 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 during the last quarter.

ALPS Active REIT ETF Price Performance

Shares of REIT traded down $0.27 on Monday, hitting $30.70. The company’s stock had a trading volume of 2,511 shares, compared to its average volume of 9,171. The company has a market capitalization of $52.19 million, a PE ratio of 35.67 and a beta of 0.94. ALPS Active REIT ETF has a fifty-two week low of $25.63 and a fifty-two week high of $31.24. The company has a 50 day moving average price of $29.85 and a 200 day moving average price of $28.32.

ALPS Active REIT ETF Increases Dividend

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

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.