ALPS Active REIT ETF (NASDAQ:REIT) Short Interest Update

ALPS Active REIT ETF (NASDAQ:REIT) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 2,942 shares, a decline of 41.6% from the November 30th total of 5,037 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 7,898 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 7,898 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the company’s stock are short sold.

Institutional Investors Weigh In On ALPS Active REIT ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ellsworth Advisors LLC increased its holdings in ALPS Active REIT ETF by 6.2% in the 3rd quarter. Ellsworth Advisors LLC now owns 138,735 shares of the company’s stock valued at $3,702,000 after buying an additional 8,066 shares during the period. Arete Wealth Advisors LLC grew its position in shares of ALPS Active REIT ETF by 13.1% during the 3rd quarter. Arete Wealth Advisors LLC now owns 44,394 shares of the company’s stock worth $1,187,000 after buying an additional 5,127 shares during the period. Kestra Private Wealth Services LLC raised its stake in shares of ALPS Active REIT ETF by 12.1% during the third quarter. Kestra Private Wealth Services LLC now owns 32,363 shares of the company’s stock worth $867,000 after buying an additional 3,490 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in ALPS Active REIT ETF by 96.5% in the second quarter. Envestnet Asset Management Inc. now owns 16,688 shares of the company’s stock valued at $439,000 after buying an additional 8,196 shares during the period. Finally, Goldman Sachs Group Inc. bought a new position in ALPS Active REIT ETF in the first quarter valued at approximately $413,000.

ALPS Active REIT ETF Trading Down 0.1%

REIT traded down $0.03 on Monday, reaching $26.36. The company had a trading volume of 8,440 shares, compared to its average volume of 12,596. The company has a fifty day moving average of $26.58 and a 200-day moving average of $26.52. The company has a market capitalization of $44.80 million, a P/E ratio of 35.67 and a beta of 0.99. ALPS Active REIT ETF has a one year low of $23.40 and a one year high of $28.60.

About ALPS Active REIT ETF

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.