NETLease Corporate Real Estate ETF (NYSEARCA:NETL) Stock Short Interest Jumps 179.5%

NETLease Corporate Real Estate ETF (NYSEARCA:NETL) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 71,304 shares, a growth of 179.5% from the September 15th total of 25,508 shares. Approximately 3.6% of the company’s stock are short sold. Based on an average daily volume of 29,939 shares, the short-interest ratio is currently 2.4 days.

NETLease Corporate Real Estate ETF Trading Down 0.5%

NYSEARCA NETL opened at $23.71 on Wednesday. The company’s fifty day simple moving average is $25.43 and its 200-day simple moving average is $26.13. NETLease Corporate Real Estate ETF has a 52 week low of $23.28 and a 52 week high of $28.43. The stock has a market cap of $47.42 million, a P/E ratio of -31.20 and a beta of 0.82.

Institutional Investors 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 acquired a new position in NETLease Corporate Real Estate ETF (NYSEARCA:NETL) during the second quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,995 shares of the company’s stock, valued at approximately $53,000. Continuum Advisory LLC owned approximately 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.