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

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

Institutional Investors Weigh In On ALPS Active REIT ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Main Street Group LTD purchased a new position in shares of ALPS Active REIT ETF during the first quarter valued at $83,000. Kestra Advisory Services LLC purchased a new position in shares of ALPS Active REIT ETF during the fourth quarter valued at $38,000. Arete Wealth Advisors LLC increased its stake in shares of ALPS Active REIT ETF by 7.4% during the fourth quarter. Arete Wealth Advisors LLC now owns 47,671 shares of the company’s stock valued at $1,255,000 after buying an additional 3,277 shares during the period. Park Edge Advisors LLC purchased a new position in shares of ALPS Active REIT ETF during the fourth quarter valued at $201,000. Finally, Ellsworth Advisors LLC increased its stake in shares of ALPS Active REIT ETF by 4.6% during the fourth quarter. Ellsworth Advisors LLC now owns 145,061 shares of the company’s stock valued at $3,915,000 after buying an additional 6,326 shares during the period.

ALPS Active REIT ETF Trading Down 1.5%

Shares of REIT stock traded down $0.45 on Friday, reaching $29.24. 23,113 shares of the company’s stock were exchanged, compared to its average volume of 9,475. ALPS Active REIT ETF has a 52 week low of $25.63 and a 52 week high of $30.21. The stock has a market capitalization of $49.71 million, a PE ratio of 35.67 and a beta of 0.96. The company’s fifty day simple moving average is $28.63 and its 200 day simple moving average is $27.58.

ALPS Active REIT ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Investors 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 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.