NETLease Corporate Real Estate ETF (NYSEARCA:NETL) Shares Shorted: Short Interest Down 84.2% in October

NETLease Corporate Real Estate ETF (NYSEARCA:NETL) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 11,241 shares, a decline of 84.2% from the September 30th total of 71,304 shares. Based on an average daily trading volume, of 11,368 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.6% of the shares of the company are sold short.

NETLease Corporate Real Estate ETF Stock Performance

Shares of NETL traded down $0.05 during mid-day trading on Tuesday, hitting $23.91. The company’s stock had a trading volume of 270 shares, compared to its average volume of 13,189. The stock’s 50-day moving average is $24.92 and its two-hundred day moving average is $25.87. The firm has a market capitalization of $46.62 million, a PE ratio of -31.46 and a beta of 0.82. NETLease Corporate Real Estate ETF has a one year low of $23.24 and a one year high of $28.43.

Hedge Funds Weigh In On NETLease Corporate Real Estate ETF

A hedge fund recently bought a new position in NETLease Corporate Real Estate ETF stock. Continuum Advisory LLC purchased a new position in NETLease Corporate Real Estate ETF (NYSEARCA:NETL) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,995 shares of the company’s stock, valued at approximately $53,000. Continuum Advisory LLC owned about 0.10% of NETLease Corporate Real Estate ETF at the end of the most recent reporting period. 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.