U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) Short Interest Down 60.7% in August

U.S. Diversified Real Estate ETF (NYSEARCA:PPTYGet Free Report) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 1,350 shares, a decline of 60.7% from the August 15th total of 3,435 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 1,449 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in U.S. Diversified Real Estate ETF stock. Arkadios Wealth Advisors lifted its position in shares of U.S. Diversified Real Estate ETF (NYSEARCA:PPTYFree Report) by 8.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,950 shares of the company’s stock after buying an additional 1,406 shares during the quarter. 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 Price Performance

PPTY opened at $32.64 on Friday. U.S. Diversified Real Estate ETF has a 1-year low of $29.34 and a 1-year high of $35.44. The stock has a market cap of $24.48 million, a P/E ratio of 34.93 and a beta of 0.92. The stock’s 50 day simple moving average is $34.12 and its 200 day simple moving average is $32.90.

U.S. Diversified Real Estate ETF Increases Dividend

The company also recently announced 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. The ex-dividend date was Thursday, July 16th. This is a positive change from U.S. Diversified Real Estate ETF’s previous quarterly dividend of $0.25. This represents a $1.17 dividend on an annualized basis and a yield of 3.6%.

U.S. Diversified Real Estate ETF Company Profile

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for U.S. Diversified Real Estate ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Diversified Real Estate ETF and related companies with MarketBeat.com's FREE daily email newsletter.