U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) Shares Shorted: Short Interest Down 69.5% in September

U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) saw a large drop in short interest in September. As of September 15th, there was short interest totaling 412 shares, a drop of 69.5% from the August 31st total of 1,350 shares. Based on an average daily volume of 1,394 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently raised its position in U.S. Diversified Real Estate ETF stock. Arkadios Wealth Advisors increased its position in shares of U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) by 8.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent reporting period.

U.S. Diversified Real Estate ETF Stock Performance

Shares of U.S. Diversified Real Estate ETF stock traded up $0.03 during midday trading on Friday, hitting $31.85. 1,726 shares of the company traded hands, compared to its average volume of 3,213. The firm’s fifty day moving average price is $33.61 and its 200-day moving average price is $32.94. The stock has a market cap of $23.89 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 business also recently announced a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Thursday, July 16th were paid a dividend of $0.2936 per share. The ex-dividend date of this dividend was Thursday, July 16th. This is a boost from U.S. Diversified Real Estate ETF’s previous quarterly dividend of $0.2543. This represents a $1.17 dividend on an annualized basis and a dividend yield of 3.7%.

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.