iShares Environmentally Aware Real Estate ETF (NASDAQ:ERET) Sees Large Increase in Short Interest

iShares Environmentally Aware Real Estate ETF (NASDAQ:ERET) saw a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 7,932 shares, an increase of 288.6% from the April 15th total of 2,041 shares. Currently, 2.2% of the company’s shares are sold short. Based on an average daily volume of 6,043 shares, the short-interest ratio is presently 1.3 days.

iShares Environmentally Aware Real Estate ETF Stock Performance

Shares of NASDAQ:ERET traded down $0.48 during midday trading on Friday, hitting $28.45. 1,601 shares of the stock were exchanged, compared to its average volume of 2,197. The stock has a market capitalization of $10.24 million, a price-to-earnings ratio of 26.85 and a beta of 0.85. The business’s 50-day moving average price is $28.32 and its 200 day moving average price is $27.85. iShares Environmentally Aware Real Estate ETF has a 12 month low of $25.88 and a 12 month high of $29.75.

About iShares Environmentally Aware Real Estate ETF

The iShares Environmentally Aware Real Estate ETF (ERET) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks an index of real estate companies from developed markets weighted based on a target exposure to green certification, energy efficiency, and level of carbon emission intensity. ERET was launched on Nov 15, 2022 and is managed by BlackRock.