U.S. Diversified Real Estate ETF (NYSEARCA:PPTY – Get 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:PPTY – Free 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
U.S. Diversified Real Estate ETF Company Profile
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.
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