ALPS Active REIT ETF (NASDAQ:REIT – Get Free Report) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 5,900 shares, a growth of 637.5% from the May 31st total of 800 shares. Based on an average trading volume of 5,700 shares, the short-interest ratio is currently 1.0 days.
Hedge Funds Weigh In On ALPS Active REIT ETF
Several large investors have recently made changes to their positions in the business. Fermata Advisors LLC bought a new stake in ALPS Active REIT ETF during the 1st quarter valued at about $236,000. Principal Securities Inc. purchased a new stake in shares of ALPS Active REIT ETF during the fourth quarter valued at approximately $28,000. Finally, National Bank of Canada FI increased its position in shares of ALPS Active REIT ETF by 34.3% during the fourth quarter. National Bank of Canada FI now owns 2,908 shares of the company’s stock valued at $77,000 after acquiring an additional 743 shares in the last quarter.
ALPS Active REIT ETF Stock Up 1.4 %
Shares of REIT stock traded up $0.35 during mid-day trading on Friday, reaching $25.43. 7,807 shares of the company’s stock traded hands, compared to its average volume of 6,516. The company’s 50-day moving average price is $24.85 and its 200-day moving average price is $25.30. The company has a market cap of $24.67 million, a P/E ratio of 29.33 and a beta of 1.01. ALPS Active REIT ETF has a 12 month low of $21.10 and a 12 month high of $26.77.
ALPS Active REIT ETF Announces Dividend
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.
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