First Trust Alerian Disruptive Technology Real Estate ETF (NYSEARCA:DTRE) Sees Significant Increase in Short Interest

First Trust Alerian Disruptive Technology Real Estate ETF (NYSEARCA:DTRE) was the target of a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 120 shares, a growth of 500.0% from the October 15th total of 20 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 404 shares, the days-to-cover ratio is presently 0.3 days.

First Trust Alerian Disruptive Technology Real Estate ETF Price Performance

Shares of DTRE traded down $0.21 during mid-day trading on Wednesday, reaching $42.08. 149 shares of the company’s stock were exchanged, compared to its average volume of 514. The business’s fifty day simple moving average is $41.18 and its 200-day simple moving average is $41.71. The stock has a market capitalization of $14.38 million, a PE ratio of 25.30 and a beta of 0.96. First Trust Alerian Disruptive Technology Real Estate ETF has a 52-week low of $38.31 and a 52-week high of $43.56.

About First Trust Alerian Disruptive Technology Real Estate ETF

The First Trust Alerian Disruptive Technology Real Estate ETF (DTRE) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks an index of real estate stocks that support wired and wireless communication, data infrastructure, warehouses, and fulfillment centers. Selection and weighting of securities are based on three-month average trading values. DTRE was launched on Oct 3, 2022 and is managed by First Trust.