NETLease Corporate Real Estate ETF (NYSEARCA:NETL) Stock Short Interest Jumps 179.5%

NETLease Corporate Real Estate ETF (NYSEARCA:NETL) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 71,304 shares, an increase of 179.5% from the September 15th total of 25,508 shares. Approximately 3.6% of the company’s shares are short sold. Based on an average daily trading volume, of 29,939 shares, the short-interest ratio is currently 2.4 days.

NETLease Corporate Real Estate ETF Trading Up 0.7%

Shares of NETLease Corporate Real Estate ETF stock traded up $0.16 during trading hours on Monday, reaching $23.82. 7,910 shares of the company’s stock were exchanged, compared to its average volume of 13,064. The firm has a market capitalization of $47.64 million, a price-to-earnings ratio of -31.34 and a beta of 0.82. The company has a fifty day moving average of $25.56 and a 200-day moving average of $26.14. NETLease Corporate Real Estate ETF has a 52-week low of $23.28 and a 52-week high of $28.43.

Institutional Investors Weigh In On NETLease Corporate Real Estate ETF

An institutional investor recently bought a new position in NETLease Corporate Real Estate ETF stock. Continuum Advisory LLC purchased a new stake in NETLease Corporate Real Estate ETF (NYSEARCA:NETL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 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 as of its most recent filing with the Securities & Exchange Commission. 83.51% of the stock is owned by hedge funds and other institutional investors.

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.