U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) Sees Significant Drop in Short Interest

U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) was the target of a large drop in short interest in October. As of October 15th, there was short interest totaling 271 shares, a drop of 40.0% from the September 30th total of 452 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 2,203 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds 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 lifted its stake in U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) by 8.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,950 shares of the company’s stock after acquiring an additional 1,406 shares during the quarter. Arkadios Wealth Advisors owned 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 NYSEARCA:PPTY traded up $0.48 during midday trading on Monday, reaching $32.61. 353 shares of the company’s stock traded hands, compared to its average volume of 3,030. U.S. Diversified Real Estate ETF has a one year low of $29.39 and a one year high of $35.44. The company has a market cap of $22.83 million, a price-to-earnings ratio of 34.93 and a beta of 0.93. The stock has a 50 day moving average of $32.28 and a 200 day moving average of $32.46.

U.S. Diversified Real Estate ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 21st. Shareholders of record on Tuesday, October 20th were given a $0.2878 dividend. This is a negative change from U.S. Diversified Real Estate ETF’s previous quarterly dividend of $0.2936. The ex-dividend date of this dividend was Tuesday, October 20th. This represents a $1.15 dividend on an annualized basis and a yield of 3.5%.

U.S. Diversified Real Estate ETF Company Profile

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.