iShares Core U.S. REIT ETF (NYSEARCA:USRT – Get Free Report) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totaling 187,710 shares, a decline of 55.7% from the September 30th total of 423,501 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,671,394 shares, the short-interest ratio is currently 0.1 days.
iShares Core U.S. REIT ETF Price Performance
iShares Core U.S. REIT ETF stock traded down $0.08 during mid-day trading on Friday, reaching $63.77. The company had a trading volume of 1,744,458 shares, compared to its average volume of 607,036. The stock’s 50-day simple moving average is $63.54 and its 200-day simple moving average is $63.65. iShares Core U.S. REIT ETF has a 1 year low of $56.44 and a 1 year high of $70.09. The company has a market capitalization of $4.30 billion, a P/E ratio of 35.32 and a beta of 0.95.
Hedge Funds Weigh In On iShares Core U.S. REIT ETF
Several hedge funds have recently bought and sold shares of USRT. Apollon Wealth Management LLC acquired a new stake in iShares Core U.S. REIT ETF during the 3rd quarter valued at $62,470,000. Fifth Third Bancorp raised its holdings in shares of iShares Core U.S. REIT ETF by 213,523.6% in the first quarter. Fifth Third Bancorp now owns 777,590 shares of the company’s stock worth $46,026,000 after acquiring an additional 777,226 shares during the last quarter. Prime Capital Investment Advisors LLC acquired a new position in shares of iShares Core U.S. REIT ETF in the third quarter worth $43,300,000. Blueprint Investment Partners LLC acquired a new position in shares of iShares Core U.S. REIT ETF in the third quarter worth $34,431,000. Finally, Rodgers & Associates LTD purchased a new stake in shares of iShares Core U.S. REIT ETF in the third quarter valued at $25,048,000.
iShares Core U.S. REIT ETF Company Profile
The iShares Core U.S. REIT ETF (USRT) is an exchange-traded fund that is based on the FTSE Nareit \u002F Equity REITs – INV index, a market-cap-weighted index of US-listed REITs USRT was launched on May 1, 2007 and is managed by BlackRock.
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