ALPS Active REIT ETF (NASDAQ:REIT – Get Free Report) was the target of a significant growth in short interest in the month of 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 trading volume, of 8,205 shares, the short-interest ratio is presently 2.8 days. Approximately 1.4% of the company’s stock are short sold.
Hedge Funds Weigh In On ALPS Active REIT ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ellsworth Advisors LLC boosted its holdings in shares of ALPS Active REIT ETF by 4.6% during the 4th quarter. Ellsworth Advisors LLC now owns 145,061 shares of the company’s stock valued at $3,915,000 after buying an additional 6,326 shares in the last quarter. Arete Wealth Advisors LLC lifted its position in 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 during the period. Kestra Private Wealth Services LLC lifted its position in ALPS Active REIT ETF by 12.1% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 32,363 shares of the company’s stock valued at $867,000 after acquiring an additional 3,490 shares during the period. Goldman Sachs Group Inc. bought a new stake in ALPS Active REIT ETF during the first quarter worth about $413,000. Finally, Advisor OS LLC boosted its stake in ALPS Active REIT ETF by 21.4% during the third quarter. Advisor OS LLC now owns 12,193 shares of the company’s stock worth $327,000 after acquiring an additional 2,151 shares in the last quarter.
ALPS Active REIT ETF Trading Up 1.4%
Shares of REIT stock traded up $0.44 during midday trading on Friday, reaching $30.97. 6,085 shares of the stock were exchanged, compared to its average volume of 9,230. ALPS Active REIT ETF has a 1 year low of $25.63 and a 1 year high of $31.19. The firm has a market cap of $52.65 million, a PE ratio of 35.67 and a beta of 0.94. The company’s 50 day moving average is $29.85 and its two-hundred day moving average is $28.30.
ALPS Active REIT ETF Increases Dividend
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.
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