ALPS Active REIT ETF (NASDAQ:REIT) Short Interest Up 286.9% in June

ALPS Active REIT ETF (NASDAQ:REIT) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 23,143 shares, a growth of 286.9% from the May 31st total of 5,982 shares. Based on an average daily volume of 8,205 shares, the short-interest ratio is currently 2.8 days. Approximately 1.4% of the company’s stock are sold short.

Institutional Investors Weigh In On ALPS Active REIT ETF

Several hedge funds have recently added to or reduced their stakes in REIT. Main Street Group LTD purchased a new stake in shares of ALPS Active REIT ETF in the first quarter worth $83,000. Kestra Advisory Services LLC purchased a new position in shares of ALPS Active REIT ETF in the 4th quarter worth about $38,000. Arete Wealth Advisors LLC raised its position in shares of ALPS Active REIT ETF by 7.4% in the 4th quarter. Arete Wealth Advisors LLC now owns 47,671 shares of the company’s stock worth $1,255,000 after purchasing an additional 3,277 shares during the last quarter. Park Edge Advisors LLC bought a new position in ALPS Active REIT ETF in the 4th quarter worth about $201,000. Finally, Ellsworth Advisors LLC boosted its stake in ALPS Active REIT ETF by 4.6% in the 4th quarter. Ellsworth Advisors LLC now owns 145,061 shares of the company’s stock worth $3,915,000 after purchasing an additional 6,326 shares in the last quarter.

ALPS Active REIT ETF Stock Performance

Shares of REIT traded up $0.44 during mid-day trading on Friday, reaching $30.97. The company had a trading volume of 6,085 shares, compared to its average volume of 9,230. The firm has a 50-day moving average price of $29.85 and a 200 day moving average price of $28.30. ALPS Active REIT ETF has a 52 week low of $25.63 and a 52 week high of $31.19. The company has a market capitalization of $52.65 million, a price-to-earnings ratio of 35.67 and a beta of 0.94.

ALPS Active REIT ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Shareholders of record on Thursday, June 18th were paid a dividend of $0.2109 per share. The ex-dividend date was Thursday, June 18th. This is a positive change from ALPS Active REIT ETF’s previous quarterly dividend of $0.18. This represents a $0.84 dividend on an annualized basis and a yield of 2.7%.

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.