ALPS Active REIT ETF (NASDAQ:REIT) Shares Shorted: Short Interest Up 73.0% in September

ALPS Active REIT ETF (NASDAQ:REIT – Get Free Report) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 8,602 shares, an increase of 73.0% from the August 31st total of 4,971 shares. Based on an average daily volume of 9,024 shares, the short-interest ratio is presently 1.0 days. Approximately 0.5% of the company’s shares are sold short.

ALPS Active REIT ETF Price Performance

NASDAQ REIT opened at $28.18 on Friday. The stock has a market capitalization of $52.98 million, a P/E ratio of 35.67 and a beta of 0.93. The business has a 50 day simple moving average of $30.15 and a 200 day simple moving average of $29.78. ALPS Active REIT ETF has a one year low of $25.90 and a one year high of $32.16.

ALPS Active REIT ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Thursday, September 17th were given a dividend of $0.2723 per share. This is a positive change from ALPS Active REIT ETF’s previous quarterly dividend of $0.2109. The ex-dividend date of this dividend was Thursday, September 17th. This represents a $1.09 annualized dividend and a dividend yield of 3.9%.

Institutional Trading of ALPS Active REIT ETF

An institutional investor recently bought a new position in ALPS Active REIT ETF stock. Main Street Group LTD bought a new stake in shares of ALPS Active REIT ETF (NASDAQ:REIT – Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 3,050 shares of the company’s stock, valued at approximately $83,000. Main Street Group LTD owned 0.18% of ALPS Active REIT ETF 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.

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