U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) Short Interest Down 60.7% in August

U.S. Diversified Real Estate ETF (NYSEARCA:PPTYGet 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

An institutional investor recently raised its stake in U.S. Diversified Real Estate ETF stock. Arkadios Wealth Advisors increased its stake in shares of U.S. Diversified Real Estate ETF (NYSEARCA:PPTYFree Report) by 8.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,950 shares of the company’s stock after buying an additional 1,406 shares during the period. Arkadios Wealth Advisors owned about 2.53% of U.S. Diversified Real Estate ETF worth $571,000 as of its most recent filing with the Securities and Exchange Commission.

U.S. Diversified Real Estate ETF Company Profile

(Get Free Report)

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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