U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) Short Interest Update

U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) was the target of a significant increase in short interest during 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. Currently, 0.6% of the company’s stock are short sold. Based on an average daily trading volume, of 5,952 shares, the short-interest ratio is currently 0.8 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position 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.

U.S. Diversified Real Estate ETF Stock Performance

Shares of PPTY stock opened at $33.99 on Friday. The firm’s 50-day moving average is $34.34 and its 200-day moving average is $32.57. The stock has a market cap of $25.49 million, a price-to-earnings ratio of 34.93 and a beta of 0.92. U.S. Diversified Real Estate ETF has a 52-week low of $29.34 and a 52-week 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.