NETLease Corporate Real Estate ETF (NYSEARCA:NETL) Shares Shorted: Short Interest Up 78.9% in September

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

(Get Free Report)

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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