ALPS Active REIT ETF (NASDAQ:REIT) Short Interest Update

ALPS Active REIT ETF (NASDAQ:REIT) was the recipient of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 5,930 shares, a decrease of 68.5% from the July 30th total of 18,830 shares. Based on an average daily volume of 16,627 shares, the short-interest ratio is presently 0.4 days. Approximately 0.3% of the company’s shares are short sold.

Institutional Trading of ALPS Active REIT ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Kestra Advisory Services LLC acquired a new position in ALPS Active REIT ETF during the 4th quarter worth $38,000. Main Street Group LTD bought a new stake in shares of ALPS Active REIT ETF during the 1st quarter worth $83,000. Goldman Sachs Group Inc. acquired a new position in shares of ALPS Active REIT ETF in the 1st quarter valued at $413,000. Kestra Private Wealth Services LLC raised its position in ALPS Active REIT ETF by 12.1% during the third 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 period. Finally, Arete Wealth Advisors LLC grew its holdings in shares of ALPS Active REIT ETF by 7.4% during the 4th quarter. Arete Wealth Advisors LLC now owns 47,671 shares of the company’s stock valued at $1,255,000 after acquiring an additional 3,277 shares in the last quarter.

ALPS Active REIT ETF Stock Down 0.5%

Shares of NASDAQ REIT opened at $30.83 on Thursday. ALPS Active REIT ETF has a 52-week low of $25.90 and a 52-week high of $32.16. The firm has a fifty day moving average of $30.82 and a 200-day moving average of $29.63. The stock has a market capitalization of $57.34 million, a PE ratio of 35.67 and a beta of 0.93.

ALPS Active REIT ETF Increases Dividend

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

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.