NETLease Corporate Real Estate ETF (NYSEARCA:NETL – Get Free Report) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 25,508 shares, a growth of 78.9% from the August 31st total of 14,255 shares. Approximately 1.3% of the company’s shares are short sold. Based on an average daily volume of 34,767 shares, the days-to-cover ratio is currently 0.7 days.
NETLease Corporate Real Estate ETF Price Performance
NYSEARCA NETL traded up $0.02 on Tuesday, reaching $24.14. The company had a trading volume of 14,781 shares, compared to its average volume of 13,086. The firm has a market cap of $48.28 million, a price-to-earnings ratio of -31.76 and a beta of 0.83. NETLease Corporate Real Estate ETF has a fifty-two week low of $23.56 and a fifty-two week high of $28.43. The business has a 50 day moving average of $26.28 and a two-hundred day moving average of $26.27.
Institutional Investors Weigh In On NETLease Corporate Real Estate ETF
A hedge fund recently bought a new position in NETLease Corporate Real Estate ETF stock. Continuum Advisory LLC bought a new stake in NETLease Corporate Real Estate ETF (NYSEARCA:NETL – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,995 shares of the company’s stock, valued at approximately $53,000. Continuum Advisory LLC owned approximately 0.10% of NETLease Corporate Real Estate ETF at the end of the most recent reporting period. 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.
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