U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) Short Interest Update

U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 4,807 shares, an increase of 154.3% from the July 15th total of 1,890 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average trading volume of 5,952 shares, the days-to-cover ratio is presently 0.8 days.

U.S. Diversified Real Estate ETF Stock Up 1.1%

PPTY opened at $33.99 on Friday. The company has a 50-day simple moving average of $34.34 and a 200 day simple moving average of $32.57. U.S. Diversified Real Estate ETF has a twelve month low of $29.34 and a twelve month high of $35.44. The stock has a market capitalization of $25.49 million, a price-to-earnings ratio of 34.93 and a beta of 0.92.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in U.S. Diversified Real Estate ETF stock. Arkadios Wealth Advisors boosted its holdings in shares of U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) by 8.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,950 shares of the company’s stock after purchasing an additional 1,406 shares during the period. Arkadios Wealth Advisors owned about 2.53% of U.S. Diversified Real Estate ETF worth $571,000 at the end of the most recent quarter.

About U.S. Diversified Real Estate ETF

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.