Short Interest in ALPS Active REIT ETF (NASDAQ:REIT) Expands By 241.1%

ALPS Active REIT ETF (NASDAQ:REIT) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 10,036 shares, an increase of 241.1% from the December 15th total of 2,942 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average trading volume of 7,941 shares, the days-to-cover ratio is presently 1.3 days. Based on an average trading volume of 7,941 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.6% of the shares of the company are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC bought a new stake in ALPS Active REIT ETF in the 2nd quarter valued at $35,000. Main Street Group LTD increased its holdings in shares of ALPS Active REIT ETF by 187.9% in the second quarter. Main Street Group LTD now owns 2,372 shares of the company’s stock valued at $62,000 after purchasing an additional 1,548 shares during the last quarter. Advisor OS LLC raised its position 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 valued at $327,000 after purchasing an additional 2,151 shares during the period. Goldman Sachs Group Inc. acquired a new stake in shares of ALPS Active REIT ETF during the 1st quarter worth about $413,000. Finally, Envestnet Asset Management Inc. lifted its stake in shares of ALPS Active REIT ETF by 96.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 16,688 shares of the company’s stock worth $439,000 after buying an additional 8,196 shares during the last quarter.

ALPS Active REIT ETF Trading Up 0.7%

Shares of ALPS Active REIT ETF stock traded up $0.18 during trading on Wednesday, hitting $26.87. 6,325 shares of the stock were exchanged, compared to its average volume of 9,291. The company has a fifty day moving average price of $26.49 and a 200-day moving average price of $26.51. The stock has a market capitalization of $46.49 million, a price-to-earnings ratio of 35.67 and a beta of 0.99. ALPS Active REIT ETF has a 1-year low of $23.40 and a 1-year high of $28.60.

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.