Short Interest in ALPS Active REIT ETF (NASDAQ:REIT) Declines By 57.9%

ALPS Active REIT ETF (NASDAQ:REIT) was the target of a large drop in short interest during the month of February. As of February 13th, there was short interest totaling 1,964 shares, a drop of 57.9% from the January 29th total of 4,667 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 8,296 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 8,296 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Trading of ALPS Active REIT ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. acquired a new position in shares of ALPS Active REIT ETF during the 1st quarter worth approximately $413,000. Envestnet Asset Management Inc. boosted its stake in shares of 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. Ellsworth Advisors LLC grew its position in ALPS Active REIT ETF by 6.2% during the third quarter. Ellsworth Advisors LLC now owns 138,735 shares of the company’s stock worth $3,702,000 after buying an additional 8,066 shares in the last quarter. Park Edge Advisors LLC bought a new position in ALPS Active REIT ETF during the 4th quarter worth $201,000. Finally, Arete Wealth Advisors LLC raised its holdings in ALPS Active REIT ETF by 13.1% in the 3rd quarter. Arete Wealth Advisors LLC now owns 44,394 shares of the company’s stock valued at $1,187,000 after acquiring an additional 5,127 shares in the last quarter.

ALPS Active REIT ETF Price Performance

REIT stock opened at $29.13 on Friday. The stock has a market capitalization of $48.94 million, a price-to-earnings ratio of 35.67 and a beta of 0.99. The business’s fifty day moving average price is $27.21 and its two-hundred day moving average price is $26.80. ALPS Active REIT ETF has a fifty-two week low of $23.40 and a fifty-two week high of $29.16.

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.