U.S. Diversified Real Estate ETF (NYSEARCA:PPTY – Get Free Report) saw a large decrease in short interest in August. As of August 31st, there was short interest totaling 1,350 shares, a decrease of 60.7% from the August 15th total of 3,435 shares. Based on an average daily volume of 1,449 shares, the short-interest ratio is presently 0.9 days. Approximately 0.2% of the company’s shares are sold short.
U.S. Diversified Real Estate ETF Trading Down 0.2%
NYSEARCA PPTY traded down $0.06 during trading hours on Monday, hitting $32.58. 1,936 shares of the company’s stock were exchanged, compared to its average volume of 3,285. The firm has a market cap of $24.43 million, a price-to-earnings ratio of 34.93 and a beta of 0.92. The stock has a 50-day simple moving average of $34.12 and a 200 day simple moving average of $32.91. U.S. Diversified Real Estate ETF has a 1-year low of $29.34 and a 1-year high of $35.44.
U.S. Diversified Real Estate ETF Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Thursday, July 16th were paid a $0.2936 dividend. The ex-dividend date was Thursday, July 16th. This represents a $1.17 annualized dividend and a dividend yield of 3.6%. This is an increase from U.S. Diversified Real Estate ETF’s previous quarterly dividend of $0.25.
Institutional Inflows and Outflows
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.
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