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

U.S. Diversified Real Estate ETF (NYSEARCA:PPTYGet 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

An institutional investor recently raised its stake in U.S. Diversified Real Estate ETF stock. Arkadios Wealth Advisors raised its stake in U.S. Diversified Real Estate ETF (NYSEARCA:PPTYFree Report) by 8.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,950 shares of the company’s stock after purchasing an additional 1,406 shares during the period. Arkadios Wealth Advisors owned 2.53% of U.S. Diversified Real Estate ETF worth $571,000 as of its most recent SEC filing.

U.S. Diversified Real Estate ETF Company Profile

(Get Free Report)

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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