Short Interest in ALPS Active REIT ETF (NASDAQ:REIT) Declines By 17.1%

ALPS Active REIT ETF (NASDAQ:REIT) was the recipient of a large drop in short interest in March. As of March 31st, there was short interest totalling 14,500 shares, a drop of 17.1% from the March 15th total of 17,500 shares. Based on an average trading volume of 15,300 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.9% of the shares of the stock are short sold.

Institutional Trading of ALPS Active REIT ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Harbour Investments Inc. raised its holdings in shares of ALPS Active REIT ETF by 1,388.6% in the 4th quarter. Harbour Investments Inc. now owns 2,471 shares of the company’s stock worth $67,000 after purchasing an additional 2,305 shares during the period. National Bank of Canada FI increased its position in shares of ALPS Active REIT ETF by 35.8% in the fourth quarter. National Bank of Canada FI now owns 3,822 shares of the company’s stock worth $104,000 after acquiring an additional 1,007 shares in the last quarter. Park Edge Advisors LLC purchased a new position in shares of ALPS Active REIT ETF in the 4th quarter valued at $381,000. Arete Wealth Advisors LLC lifted its stake in shares of ALPS Active REIT ETF by 8.0% during the fourth quarter. Arete Wealth Advisors LLC now owns 24,559 shares of the company’s stock worth $669,000 after purchasing an additional 1,822 shares in the last quarter. Finally, Arbor Capital Management Inc. ADV grew its stake in shares of ALPS Active REIT ETF by 18.4% in the fourth quarter. Arbor Capital Management Inc. ADV now owns 24,835 shares of the company’s stock valued at $682,000 after buying an additional 3,853 shares in the last quarter.

ALPS Active REIT ETF Stock Down 0.3 %

NASDAQ REIT opened at $25.96 on Tuesday. The stock has a market cap of $42.83 million, a price-to-earnings ratio of 29.36 and a beta of 1.01. The business has a fifty day moving average of $26.93 and a 200-day moving average of $27.72. ALPS Active REIT ETF has a fifty-two week low of $23.40 and a fifty-two week high of $30.26.

ALPS Active REIT ETF Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, March 25th. Shareholders of record on Thursday, March 20th were issued a $0.1998 dividend. The ex-dividend date was Thursday, March 20th. This is a positive change from ALPS Active REIT ETF’s previous dividend of $0.19.

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.