ALPS Active REIT ETF (NASDAQ:REIT) Stock Short Interest Jumps 264.1%

ALPS Active REIT ETF (NASDAQ:REIT) saw a significant increase in short interest during 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 daily trading volume, of 10,614 shares, the days-to-cover ratio is presently 2.6 days. Approximately 1.4% of the shares of the company are sold short.

ALPS Active REIT ETF Price Performance

Shares of ALPS Active REIT ETF stock traded up $0.49 during midday trading on Thursday, hitting $28.91. The company had a trading volume of 3,201 shares, compared to its average volume of 9,782. ALPS Active REIT ETF has a 1-year low of $26.06 and a 1-year high of $32.16. The business’s 50 day simple moving average is $29.21 and its two-hundred day simple moving average is $29.23. The stock has a market cap of $55.21 million, a PE ratio of 35.67 and a beta of 0.93.

ALPS Active REIT ETF Increases Dividend

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

Institutional Investors Weigh In On ALPS Active REIT ETF

Several hedge funds have recently made changes to their positions in the stock. Main Street Group LTD acquired a new position in ALPS Active REIT ETF in the 1st quarter valued at approximately $83,000. Ellsworth Advisors LLC lifted its position in ALPS Active REIT ETF by 2.6% in 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. Virtue Capital Management LLC increased its stake in ALPS Active REIT ETF by 29.5% in the third quarter. Virtue Capital Management LLC now owns 27,767 shares of the company’s stock valued at $788,000 after acquiring an additional 6,322 shares during the period. Cottage Street Advisors LLC bought a new position in shares of ALPS Active REIT ETF during the 3rd quarter worth approximately $237,000. Finally, Breakwater Capital Group bought a new stake in shares of ALPS Active REIT ETF in the 3rd quarter worth about $638,000.

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.