U.S. Diversified Real Estate ETF (NYSEARCA:PPTY – Get Free Report) was the recipient of a significant decrease in short interest in the month of 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 trading volume of 1,449 shares, the short-interest ratio is currently 0.9 days. Approximately 0.2% of the shares of the stock are sold short.
U.S. Diversified Real Estate ETF Stock Performance
NYSEARCA:PPTY opened at $32.64 on Friday. The stock has a fifty day moving average price of $34.12 and a two-hundred day moving average price of $32.90. The stock has a market capitalization of $24.48 million, a price-to-earnings ratio of 34.93 and a beta of 0.92. 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 declared a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Thursday, July 16th were paid a dividend of $0.2936 per share. This is a boost from U.S. Diversified Real Estate ETF’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Thursday, July 16th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 3.6%.
Hedge Funds Weigh In On U.S. Diversified Real Estate ETF
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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