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. Based on an average daily volume of 29,939 shares, the short-interest ratio is presently 2.4 days. Currently, 3.6% of the company’s shares are sold short.

NETLease Corporate Real Estate ETF Stock Performance

Shares of NYSEARCA NETL traded down $0.11 during mid-day trading on Tuesday, reaching $23.71. 12,910 shares of the company’s stock were exchanged, compared to its average volume of 13,063. NETLease Corporate Real Estate ETF has a 52-week low of $23.28 and a 52-week high of $28.43. The company’s 50-day moving average is $25.43 and its 200-day moving average is $26.13. The firm has a market capitalization of $47.42 million, a price-to-earnings ratio of -31.20 and a beta of 0.82.

Hedge Funds Weigh In On NETLease Corporate Real Estate ETF

An institutional investor recently bought a new position in NETLease Corporate Real Estate ETF stock. Continuum Advisory LLC acquired a new stake in NETLease Corporate Real Estate ETF (NYSEARCA:NETL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC). 83.51% of the stock is owned by institutional investors and hedge funds.

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.