Short term performance of reit

The short-term performance of REITs, as represented by the ALPS Active REIT ETF (REIT), has shown some positive momentum. Here's a detailed analysis:

1. Recent Price Movement: The ETF passed above its 200-day moving average of $25.81 on September 10, 2024, trading as high as $28.97. This indicates a bullish trend in the short term.

2. Volume and Liquidity: The ETF experienced a significant increase in short interest, with a total of 17,800 shares as of July 15, 2024, which is a 61.8% increase from the previous count. This suggests heightened investor interest and market activity.
3. Moving Averages: The 50-day and 200-day simple moving averages are $25.95 and $25.28, respectively. The fact that the ETF is currently trading above these averages could be seen as a bullish signal, indicating a potential upward trend.
4. Dividend Payments: The ETF has been paying a quarterly dividend of $0.2167 per share, with an annualized yield of 2.99%. Dividend payments are an important aspect of REITs, and consistent dividends can attract income-focused investors.
5. Institutional Activity: There have been notable institutional investments in the ETF, with Ellsworth Advisors LLC, Fermata Advisors LLC, National Bank of Canada FI, and Principal Securities Inc. increasing their stakes. Institutional confidence can be a positive indicator for the ETF's performance and stability.

In conclusion, the ALPS Active REIT ETF has shown positive short-term performance, with price movements above key moving averages and consistent dividend payments. Institutional investments also suggest confidence in the ETF's potential. However, investors should monitor the ETF's performance against the broader market and economic indicators, as well as any changes in interest rates, which can significantly impact REITs.