NETLease Corporate Real Estate ETF (NYSEARCA:NETL) Stock Short Interest Report for October

NETLease Corporate Real Estate ETF (NYSEARCA:NETL) was the target of a large drop in short interest during 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. Approximately 0.6% of the shares of the company are short sold. Based on an average daily volume of 11,368 shares, the short-interest ratio is currently 1.0 days.

Hedge Funds Weigh In On NETLease Corporate Real Estate ETF

An institutional investor recently bought a new stake in NETLease Corporate Real Estate ETF stock. Continuum Advisory LLC bought a new position in NETLease Corporate Real Estate ETF (NYSEARCA:NETL) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,995 shares of the company’s stock, valued at approximately $53,000. Continuum Advisory LLC owned about 0.10% of NETLease Corporate Real Estate ETF at the end of the most recent quarter. Hedge funds and other institutional investors own 83.51% of the company’s stock.

NETLease Corporate Real Estate ETF Price Performance

NYSEARCA:NETL traded up $0.54 during midday trading on Thursday, reaching $23.93. 8,145 shares of the company traded hands, compared to its average volume of 13,140. The firm has a market capitalization of $46.66 million, a price-to-earnings ratio of -31.49 and a beta of 0.82. The company has a fifty day moving average price of $24.81 and a 200 day moving average price of $25.87. NETLease Corporate Real Estate ETF has a twelve month low of $23.24 and a twelve month high of $28.43.

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.