U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) Shares Shorted: Short Interest Down 77.1% in October

U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) saw a significant decline in short interest in October. As of October 30th, there was short interest totaling 62 shares, a decline of 77.1% from the October 15th total of 271 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 1,155 shares, the short-interest ratio is presently 0.1 days.

U.S. Diversified Real Estate ETF Price Performance

PPTY stock opened at $33.33 on Thursday. The stock has a market capitalization of $23.33 million, a P/E ratio of 30.82 and a beta of 0.91. U.S. Diversified Real Estate ETF has a fifty-two week low of $29.54 and a fifty-two week high of $35.44. The business has a 50-day moving average of $32.17 and a 200-day moving average of $32.55.

U.S. Diversified Real Estate ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 21st. Shareholders of record on Tuesday, October 20th were given a dividend of $0.2878 per share. This is a decrease from U.S. Diversified Real Estate ETF’s previous quarterly dividend of $0.2936. The ex-dividend date of this dividend was Tuesday, October 20th. This represents a $1.15 dividend on an annualized basis and a yield of 3.5%.

Hedge Funds Weigh In On U.S. Diversified Real Estate ETF

An institutional investor recently raised its stake in U.S. Diversified Real Estate ETF stock. Arkadios Wealth Advisors grew its position in shares of U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) by 8.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,950 shares of the company’s stock after buying an additional 1,406 shares during the period. Arkadios Wealth Advisors owned approximately 2.53% of U.S. Diversified Real Estate ETF worth $571,000 at the end of the most recent quarter.

About U.S. Diversified Real Estate ETF

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.