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

ALPS Active REIT ETF (NASDAQ:REIT) saw a significant increase in short interest in April. As of April 15th, there was short interest totalling 16,600 shares, an increase of 403.0% from the March 31st total of 3,300 shares. Based on an average daily volume of 7,100 shares, the days-to-cover ratio is currently 2.3 days.

ALPS Active REIT ETF Trading Down 0.7 %

Shares of REIT traded down $0.16 during mid-day trading on Thursday, hitting $24.08. 5,672 shares of the company traded hands, compared to its average volume of 6,891. The stock has a market capitalization of $23.36 million, a price-to-earnings ratio of 29.35 and a beta of 1.01. The business has a 50-day moving average of $25.16 and a 200 day moving average of $24.68. ALPS Active REIT ETF has a one year low of $21.10 and a one year high of $26.77.

ALPS Active REIT ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Friday, March 22nd were paid a dividend of $0.2135 per share. This represents a $0.85 annualized dividend and a dividend yield of 3.55%. The ex-dividend date was Thursday, March 21st.

Institutional Trading of ALPS Active REIT ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. National Bank of Canada FI raised its stake in shares of ALPS Active REIT ETF by 34.3% during the fourth quarter. National Bank of Canada FI now owns 2,908 shares of the company’s stock worth $77,000 after buying an additional 743 shares during the last quarter. Principal Securities Inc. acquired a new stake in ALPS Active REIT ETF during the 4th quarter worth $28,000. Finally, Fermata Advisors LLC bought a new stake in shares of ALPS Active REIT ETF during the 1st quarter valued at $236,000.

About ALPS Active REIT ETF

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.