iShares Core U.S. REIT ETF (NYSEARCA:USRT) Shares Shorted: Short Interest Down 55.7% in October

iShares Core U.S. REIT ETF (NYSEARCA:USRT – Get Free Report) was the recipient of a large decline in short interest during the month of 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. Based on an average daily volume of 1,671,394 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.3% of the shares of the stock are short sold.

Hedge Funds Weigh In On iShares Core U.S. REIT ETF

Several institutional investors and hedge funds have recently modified their holdings of the company. Rakuten Investment Management Inc. boosted its stake in iShares Core U.S. REIT ETF by 11.2% in the 3rd quarter. Rakuten Investment Management Inc. now owns 935,681 shares of the company’s stock worth $58,190,000 after buying an additional 93,900 shares during the last quarter. Garde Capital Inc. acquired a new position in shares of iShares Core U.S. REIT ETF during the 3rd quarter valued at about $566,000. Gerber Kawasaki Wealth & Investment Management acquired a new position in shares of iShares Core U.S. REIT ETF during the 3rd quarter valued at about $301,000. Certified Advisory Corp purchased a new position in shares of iShares Core U.S. REIT ETF during the 3rd quarter worth about $768,000. Finally, True Freedom Investing LLC purchased a new position in shares of iShares Core U.S. REIT ETF during the 3rd quarter worth about $4,389,000.

iShares Core U.S. REIT ETF Price Performance

NYSEARCA:USRT traded down $0.08 on Friday, reaching $63.77. The stock had a trading volume of 1,744,458 shares, compared to its average volume of 607,036. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 35.32 and a beta of 0.95. The firm’s fifty day moving average is $63.54 and its two-hundred day moving average is $63.65. iShares Core U.S. REIT ETF has a 12-month low of $56.44 and a 12-month high of $70.09.

About iShares Core U.S. REIT ETF

(Get Free Report)

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.

Further Reading

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