NETLease Corporate Real Estate ETF (NYSEARCA:NETL) Shares Down 1% – What’s Next?

NETLease Corporate Real Estate ETF (NYSEARCA:NETL) fell 1% during trading on Thursday . The stock traded as low as $25.58 and last traded at $25.62. Approximately 39,539 shares changed hands during trading, an increase of 222% from the average daily volume of 12,282 shares. The stock had previously closed at $25.89.

NETLease Corporate Real Estate ETF Price Performance

The company’s fifty day simple moving average is $26.86 and its 200-day simple moving average is $26.42. The firm has a market capitalization of $51.89 million, a PE ratio of -33.63 and a beta of 0.83.

Hedge Funds Weigh In On NETLease Corporate Real Estate ETF

A hedge fund recently bought a new stake in NETLease Corporate Real Estate ETF stock. Continuum Advisory LLC bought a new position in NETLease Corporate Real Estate ETF (NYSEARCA:NETL) in the second quarter, according to its most recent filing with the SEC. The firm bought 1,995 shares of the company’s stock, valued at approximately $53,000. Continuum Advisory LLC owned approximately 0.10% of NETLease Corporate Real Estate ETF as of its most recent SEC filing. Hedge funds and other institutional investors own 83.51% of the company’s stock.

About NETLease Corporate Real Estate ETF

The fundamental Income Net Lease Real Estate ETF (NETL) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks an index that provides current income by investing in net lease US real estate equities weighted by a modified market-cap strategy. NETL was launched on Mar 22, 2019 and is managed by NETL.