ALPS Active REIT ETF (NASDAQ:REIT) Short Interest Down 45.5% in March

ALPS Active REIT ETF (NASDAQ:REIT) saw a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 2,165 shares, a decline of 45.5% from the February 26th total of 3,974 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 7,551 shares, the short-interest ratio is currently 0.3 days.

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 REIT. Park Edge Advisors LLC purchased a new stake in shares of ALPS Active REIT ETF during the 4th quarter worth approximately $201,000. Goldman Sachs Group Inc. purchased a new position in shares of ALPS Active REIT ETF in the 1st quarter valued at $413,000. Kestra Private Wealth Services LLC grew its position in shares of ALPS Active REIT ETF by 12.1% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 32,363 shares of the company’s stock valued at $867,000 after buying an additional 3,490 shares during the last quarter. Ellsworth Advisors LLC raised its stake in ALPS Active REIT ETF by 4.6% during the 4th quarter. Ellsworth Advisors LLC now owns 145,061 shares of the company’s stock worth $3,915,000 after acquiring an additional 6,326 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in ALPS Active REIT ETF during the 4th quarter worth $38,000.

ALPS Active REIT ETF Price Performance

Shares of REIT traded down $0.20 during mid-day trading on Friday, reaching $26.91. The company’s stock had a trading volume of 2,271 shares, compared to its average volume of 9,100. ALPS Active REIT ETF has a 12-month low of $23.40 and a 12-month high of $29.38. The stock has a market cap of $45.21 million, a PE ratio of 35.67 and a beta of 0.99. The company’s 50 day moving average is $27.90 and its 200 day moving average is $27.05.

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 issued a $0.1817 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, March 19th.

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.