Short Interest in ALPS Active REIT ETF (NASDAQ:REIT) Expands By 250.0%

ALPS Active REIT ETF (NASDAQ:REIT) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 23,100 shares, a growth of 250.0% from the November 30th total of 6,600 shares. Based on an average daily volume of 11,800 shares, the short-interest ratio is currently 2.0 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ALPS Active REIT ETF stock. Arete Wealth Advisors LLC purchased a new stake in shares of ALPS Active REIT ETF (NASDAQ:REIT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 22,737 shares of the company’s stock, valued at approximately $658,000. Arete Wealth Advisors LLC owned approximately 1.66% of ALPS Active REIT ETF at the end of the most recent reporting period.

ALPS Active REIT ETF Stock Performance

Shares of REIT stock traded up $0.06 during mid-day trading on Thursday, reaching $27.50. 9,107 shares of the company’s stock traded hands, compared to its average volume of 8,803. ALPS Active REIT ETF has a 12 month low of $23.61 and a 12 month high of $30.26. The firm has a 50 day moving average price of $28.63 and a two-hundred day moving average price of $27.79. The firm has a market capitalization of $37.68 million, a PE ratio of 29.33 and a beta of 1.01.

ALPS Active REIT ETF Dividend Announcement

The business also recently declared a dividend, which will be paid on Thursday, December 26th. Shareholders of record on Thursday, December 19th will be given a $0.1895 dividend. The ex-dividend date is 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.