NYLI CBRE NextGen Real Estate ETF (NYSEARCA:ROOF) Shares Down 0.2% – Should You Sell?

NYLI CBRE NextGen Real Estate ETF (NYSEARCA:ROOFGet Free Report) traded down 0.2% on Thursday . The stock traded as low as $20.67 and last traded at $20.75. 14,300 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 69,150 shares. The stock had previously closed at $20.80.

NYLI CBRE NextGen Real Estate ETF Price Performance

The firm has a market cap of $153.55 million, a price-to-earnings ratio of 26.87 and a beta of 0.95. The business has a 50-day moving average of $20.75 and a 200-day moving average of $20.75.

About NYLI CBRE NextGen Real Estate ETF

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The IQ U.S. Real Estate Small Cap ETF (ROOF) is an exchange-traded fund that is based on the IQ CBRE NextGen Real Estate index. The fund tracks a tier-weighted index of developed market companies classified under real estate sectors that are expected to benefit from trends affecting property sectors in the global economy. ROOF was launched on Jun 14, 2011 and is managed by IndexIQ.

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