U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) Shares Shorted: Short Interest Down 69.5% in September

U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) saw a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 412 shares, a drop of 69.5% from the August 31st total of 1,350 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 1,394 shares, the days-to-cover ratio is currently 0.3 days.

U.S. Diversified Real Estate ETF Stock Down 0.3%

Shares of PPTY stock traded down $0.11 on Monday, reaching $31.74. 4,319 shares of the stock were exchanged, compared to its average volume of 3,218. The stock has a market cap of $23.80 million, a P/E ratio of 34.93 and a beta of 0.92. The firm has a 50 day moving average of $33.55 and a two-hundred day moving average of $32.94. U.S. Diversified Real Estate ETF has a 1-year low of $29.34 and a 1-year high of $35.44.

U.S. Diversified Real Estate ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Thursday, July 16th were given a dividend of $0.2936 per share. This represents a $1.17 dividend on an annualized basis and a yield of 3.7%. This is a boost from U.S. Diversified Real Estate ETF’s previous quarterly dividend of $0.2543. The ex-dividend date of this dividend was Thursday, July 16th.

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

A hedge fund recently raised its stake in U.S. Diversified Real Estate ETF stock. Arkadios Wealth Advisors grew its position in 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 institutional investor owned 18,950 shares of the company’s stock after purchasing 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 as of its most recent SEC filing.

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.