iShares Core U.S. REIT ETF (NYSEARCA:USRT – Get Free Report) was the target of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 266,702 shares, a decrease of 94.8% from the May 31st total of 5,131,166 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average trading volume of 540,522 shares, the short-interest ratio is currently 0.5 days.
Hedge Funds Weigh In On iShares Core U.S. REIT ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Morgan Stanley lifted its stake in shares of iShares Core U.S. REIT ETF by 110.7% in the fourth quarter. Morgan Stanley now owns 2,164,347 shares of the company’s stock worth $123,281,000 after buying an additional 1,136,903 shares during the last quarter. Fifth Third Bancorp grew its stake in iShares Core U.S. REIT ETF by 213,523.6% in the 1st quarter. Fifth Third Bancorp now owns 777,590 shares of the company’s stock valued at $46,026,000 after buying an additional 777,226 shares during the last quarter. 93 Financial Group LLC bought a new position in iShares Core U.S. REIT ETF in the 4th quarter worth $20,812,000. Stadion Money Management LLC bought a new position in iShares Core U.S. REIT ETF in the 1st quarter worth $17,417,000. Finally, Sumitomo Life Insurance Co. raised its holdings in iShares Core U.S. REIT ETF by 488.1% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 282,300 shares of the company’s stock worth $16,577,000 after acquiring an additional 234,300 shares during the period.
iShares Core U.S. REIT ETF Price Performance
Shares of USRT stock traded up $0.53 during trading on Friday, reaching $67.32. The company had a trading volume of 201,351 shares, compared to its average volume of 470,311. The firm’s 50 day simple moving average is $64.86 and its two-hundred day simple moving average is $61.46. iShares Core U.S. REIT ETF has a one year low of $55.34 and a one year high of $67.48. The company has a market capitalization of $3.94 billion, a PE ratio of 35.32 and a beta of 0.97.
About iShares Core U.S. REIT ETF
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.
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