ALPS Active REIT ETF (NASDAQ:REIT) Short Interest Down 63.7% in November

Posted by Stephan Jacobs on Dec 11th, 2024

ALPS Active REIT ETF (NASDAQ:REIT – Get Free Report) saw a significant decrease in short interest in November. As of November 30th, there was short interest totalling 6,600 shares, a decrease of 63.7% from the November 15th total of 18,200 shares. Based on an average daily trading volume, of 11,900 shares, the days-to-cover ratio is currently 0.6 days.

ALPS Active REIT ETF Stock Down 0.3 %

Shares of ALPS Active REIT ETF stock traded down $0.09 during trading on Wednesday, hitting $28.54. The stock had a trading volume of 17,074 shares, compared to its average volume of 8,727. The company has a market capitalization of $39.10 million, a PE ratio of 29.33 and a beta of 1.01. ALPS Active REIT ETF has a 1 year low of $23.61 and a 1 year high of $30.26. The stock has a 50 day simple moving average of $28.80 and a 200 day simple moving average of $27.58.

ALPS Active REIT ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Thursday, September 19th were paid a dividend of $0.2134 per share. This represents a $0.85 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend was Thursday, September 19th.

Institutional Trading of ALPS Active REIT ETF

A hedge fund recently raised its stake in ALPS Active REIT ETF stock. Ellsworth Advisors LLC grew its holdings in ALPS Active REIT ETF (NASDAQ:REIT – Free Report) by 5.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 112,307 shares of the company’s stock after purchasing an additional 6,160 shares during the period. Ellsworth Advisors LLC owned about 10.90% of ALPS Active REIT ETF worth $2,856,000 as of its most recent SEC filing.

ALPS Active REIT ETF Company Profile

(Get Free Report)

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.