Short Interest in ALPS Active REIT ETF (NASDAQ:REIT) Declines By 50.2%

ALPS Active REIT ETF (NASDAQ:REIT) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 11,500 shares, a drop of 50.2% from the December 15th total of 23,100 shares. Based on an average trading volume of 12,000 shares, the short-interest ratio is currently 1.0 days.

Hedge Funds Weigh In On ALPS Active REIT ETF

A hedge fund recently raised its stake in ALPS Active REIT ETF stock. Ellsworth Advisors LLC raised its stake in shares of ALPS Active REIT ETF (NASDAQ:REIT) by 3.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,948 shares of the company’s stock after purchasing an additional 3,641 shares during the period. Ellsworth Advisors LLC owned 8.46% of ALPS Active REIT ETF worth $3,383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

ALPS Active REIT ETF Price Performance

Shares of REIT stock opened at $26.65 on Tuesday. ALPS Active REIT ETF has a one year low of $23.61 and a one year high of $30.26. The company’s fifty day moving average price is $28.20 and its 200-day moving average price is $27.98. The company has a market capitalization of $39.98 million, a price-to-earnings ratio of 29.33 and a beta of 1.01.

ALPS Active REIT ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, December 26th. Stockholders of record on Thursday, December 19th were given a dividend of $0.1895 per share. The ex-dividend date was Thursday, December 19th.

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.