ALPS Active REIT ETF (NASDAQ:REIT) Short Interest Down 63.7% in November

Posted by James Nelson on Dec 11th, 2024

ALPS Active REIT ETF (NASDAQ:REIT – Get Free Report) was the recipient of a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 6,600 shares, a decline of 63.7% from the November 15th total of 18,200 shares. Based on an average daily volume of 11,900 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of ALPS Active REIT ETF

An institutional investor recently raised its position in ALPS Active REIT ETF stock. Ellsworth Advisors LLC increased its stake in shares of ALPS Active REIT ETF (NASDAQ:REIT – Free Report) by 5.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 112,307 shares of the company’s stock after acquiring an additional 6,160 shares during the period. Ellsworth Advisors LLC owned about 10.90% of ALPS Active REIT ETF worth $2,856,000 as of its most recent SEC filing.

ALPS Active REIT ETF Price Performance

REIT traded down $0.09 during mid-day trading on Wednesday, hitting $28.54. The stock had a trading volume of 17,074 shares, compared to its average volume of 8,727. The stock’s fifty day simple moving average is $28.80 and its 200-day simple moving average is $27.58. The firm has a market capitalization of $39.10 million, a price-to-earnings ratio of 29.33 and a beta of 1.01. ALPS Active REIT ETF has a 1-year low of $23.61 and a 1-year high of $30.26.

ALPS Active REIT ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Thursday, September 19th were given a $0.2134 dividend. The ex-dividend date was Thursday, September 19th. This represents a $0.85 annualized dividend and a dividend yield of 2.99%.

About ALPS Active REIT ETF

(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.