U.S. Diversified Real Estate ETF (NYSEARCA:PPTY – Get Free Report) 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 shares of the stock are sold short. Based on an average daily trading volume, of 2,203 shares, the days-to-cover ratio is presently 0.1 days.
U.S. Diversified Real Estate ETF Price Performance
Shares of PPTY opened at $32.13 on Friday. The stock has a market capitalization of $22.49 million, a price-to-earnings ratio of 34.93 and a beta of 0.93. U.S. Diversified Real Estate ETF has a 1 year low of $29.39 and a 1 year high of $35.44. The business’s 50 day simple moving average is $32.28 and its 200-day simple moving average is $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. Investors of record on Tuesday, October 20th were issued a $0.2878 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 3.6%. This is a drop 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.
Institutional Investors Weigh In On U.S. Diversified Real Estate ETF
An institutional investor recently raised its stake in U.S. Diversified Real Estate ETF stock. Arkadios Wealth Advisors raised its holdings in shares of U.S. Diversified Real Estate ETF (NYSEARCA:PPTY – Free Report) by 8.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,950 shares of the company’s stock after purchasing 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 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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