U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) Sees Large Growth in Short Interest

U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 4,807 shares, an increase of 154.3% from the July 15th total of 1,890 shares. Based on an average trading volume of 5,952 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.6% of the shares of the company are sold short.

Institutional Inflows and Outflows

A hedge fund recently raised its position in U.S. Diversified Real Estate ETF stock. Arkadios Wealth Advisors lifted its stake in shares of U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) by 8.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,950 shares of the company’s stock after purchasing an additional 1,406 shares during the quarter. Arkadios Wealth Advisors owned about 2.53% of U.S. Diversified Real Estate ETF worth $571,000 at the end of the most recent reporting period.

U.S. Diversified Real Estate ETF Stock Down 0.1%

U.S. Diversified Real Estate ETF stock traded down $0.02 during mid-day trading on Friday, hitting $33.97. 601 shares of the company’s stock traded hands, compared to its average volume of 3,525. The firm has a 50 day moving average price of $34.35 and a 200 day moving average price of $32.58. The company has a market cap of $25.48 million, a PE ratio of 34.93 and a beta of 0.92. U.S. Diversified Real Estate ETF has a one year low of $29.34 and a one year high of $35.44.

U.S. Diversified Real Estate ETF Company Profile

The Vident U.S. Diversified Real Estate ETF (PPTY) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks an index of fundamentally-selected and -weighted US-listed equities that derive income from the ownership or management of real estate. PPTY was launched on Mar 24, 2018 and is managed by Vident.