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

U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) was the target of a significant 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. Based on an average daily volume of 1,449 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On U.S. Diversified Real Estate ETF

A hedge fund recently raised its stake in U.S. Diversified Real Estate ETF stock. Arkadios Wealth Advisors grew its holdings in U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) by 8.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,950 shares of the company’s stock after acquiring 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 as of its most recent filing with the Securities & Exchange Commission.

U.S. Diversified Real Estate ETF Stock Performance

Shares of PPTY traded down $0.15 during mid-day trading on Tuesday, reaching $32.43. The stock had a trading volume of 687 shares, compared to its average volume of 3,270. The business has a fifty day moving average of $34.08 and a 200 day moving average of $32.92. The firm has a market cap of $24.32 million, a price-to-earnings ratio of 34.93 and a beta of 0.92. U.S. Diversified Real Estate ETF has a 12 month low of $29.34 and a 12 month high of $35.44.

U.S. Diversified Real Estate ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Thursday, July 16th were issued a $0.2936 dividend. The ex-dividend date of this dividend was Thursday, July 16th. This represents a $1.17 annualized dividend and a yield of 3.6%. This is an increase from U.S. Diversified Real Estate ETF’s previous quarterly dividend of $0.25.

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.