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

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

NETLease Corporate Real Estate ETF Trading Down 0.2%

NETL stock traded down $0.05 during trading on Tuesday, reaching $23.91. 270 shares of the stock were exchanged, compared to its average volume of 13,189. NETLease Corporate Real Estate ETF has a twelve month low of $23.24 and a twelve month high of $28.43. The company has a market capitalization of $46.62 million, a P/E ratio of -31.46 and a beta of 0.82. The stock has a 50 day simple moving average of $24.92 and a 200-day simple moving average of $25.87.

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

NETLease Corporate Real Estate ETF Company Profile

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.