ALPS Active REIT ETF (NASDAQ:REIT) Sees Significant Decrease in Short Interest

ALPS Active REIT ETF (NASDAQ:REIT) saw a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 3,848 shares, a decrease of 61.7% from the December 31st total of 10,036 shares. Based on an average daily volume of 13,890 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company’s shares are sold short. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 13,890 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of ALPS Active REIT ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC purchased a new stake in shares of ALPS Active REIT ETF during the second quarter valued at $35,000. Park Edge Advisors LLC bought a new stake in ALPS Active REIT ETF during the 4th quarter valued at about $201,000. Advisor OS LLC lifted its holdings in ALPS Active REIT ETF by 21.4% during the 3rd quarter. Advisor OS LLC now owns 12,193 shares of the company’s stock valued at $327,000 after buying an additional 2,151 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in ALPS Active REIT ETF in the 1st quarter valued at about $413,000. Finally, Envestnet Asset Management Inc. grew its stake in ALPS Active REIT ETF by 96.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 16,688 shares of the company’s stock worth $439,000 after acquiring an additional 8,196 shares in the last quarter.

ALPS Active REIT ETF Price Performance

Shares of NASDAQ:REIT traded up $0.40 during trading hours on Thursday, hitting $26.84. 5,558 shares of the company’s stock traded hands, compared to its average volume of 11,093. The firm has a market capitalization of $45.09 million, a P/E ratio of 35.67 and a beta of 0.99. The business has a fifty day moving average price of $26.56 and a 200-day moving average price of $26.55. ALPS Active REIT ETF has a 1 year low of $23.40 and a 1 year high of $28.60.

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.