NETLease Corporate Real Estate ETF (NYSEARCA:NETL – Get Free Report) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 25,508 shares, an increase of 78.9% from the August 31st total of 14,255 shares. Approximately 1.3% of the company’s shares are short sold. Based on an average daily volume of 34,767 shares, the days-to-cover ratio is currently 0.7 days.
Institutional Investors Weigh In On NETLease Corporate Real Estate ETF
A hedge fund recently bought a new stake in NETLease Corporate Real Estate ETF stock. Continuum Advisory LLC acquired a new stake in NETLease Corporate Real Estate ETF (NYSEARCA:NETL – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,995 shares of the company’s stock, valued at approximately $53,000. Continuum Advisory LLC owned 0.10% of NETLease Corporate Real Estate ETF at the end of the most recent reporting period. 83.51% of the stock is currently owned by institutional investors.
NETLease Corporate Real Estate ETF Stock Performance
NYSEARCA:NETL traded down $0.25 on Wednesday, hitting $23.89. 54,438 shares of the stock were exchanged, compared to its average volume of 13,307. NETLease Corporate Real Estate ETF has a 52 week low of $23.56 and a 52 week high of $28.43. The stock has a market capitalization of $47.78 million, a price-to-earnings ratio of -31.43 and a beta of 0.83. The company’s 50-day moving average price is $26.20 and its 200 day moving average price is $26.26.
NETLease Corporate Real Estate ETF Company Profile
The fundamental Income Net Lease Real Estate ETF (NETL) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks an index that provides current income by investing in net lease US real estate equities weighted by a modified market-cap strategy. NETL was launched on Mar 22, 2019 and is managed by NETL.
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