ALPS Active REIT ETF (NASDAQ:REIT) Stock Short Interest Report for October

ALPS Active REIT ETF (NASDAQ:REIT) was the target of a large drop in short interest in the month of October. As of October 30th, there was short interest totaling 12,718 shares, a drop of 53.7% from the October 15th total of 27,490 shares. Based on an average trading volume of 8,083 shares, the short-interest ratio is presently 1.6 days. Approximately 0.7% of the company’s shares are short sold.

ALPS Active REIT ETF Stock Performance

ALPS Active REIT ETF stock traded down $0.04 during trading on Friday, reaching $29.95. 5,002 shares of the company’s stock were exchanged, compared to its average volume of 9,717. The company’s 50-day moving average is $29.02 and its two-hundred day moving average is $29.40. ALPS Active REIT ETF has a 52-week low of $26.06 and a 52-week high of $32.16. The firm has a market cap of $57.51 million, a price-to-earnings ratio of 32.90 and a beta of 0.92.

ALPS Active REIT ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Thursday, September 17th were given a $0.2723 dividend. This represents a $1.09 annualized dividend and a yield of 3.6%. This is a boost from ALPS Active REIT ETF’s previous quarterly dividend of $0.2109. The ex-dividend date of this dividend was Thursday, September 17th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of REIT. Virtue Capital Management LLC boosted its holdings in ALPS Active REIT ETF by 29.5% in the 3rd quarter. Virtue Capital Management LLC now owns 27,767 shares of the company’s stock worth $788,000 after acquiring an additional 6,322 shares during the period. Cottage Street Advisors LLC acquired a new stake in ALPS Active REIT ETF in the third quarter valued at approximately $237,000. Ellsworth Advisors LLC raised its stake in shares of ALPS Active REIT ETF by 2.6% during the third quarter. Ellsworth Advisors LLC now owns 163,286 shares of the company’s stock valued at $4,634,000 after purchasing an additional 4,137 shares during the period. Breakwater Capital Group purchased a new stake in shares of ALPS Active REIT ETF during the third quarter valued at approximately $638,000. Finally, Main Street Group LTD acquired a new position in shares of ALPS Active REIT ETF during the first quarter worth $83,000.

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.