U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) Stock Short Interest Report for October

U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 271 shares, a decline of 40.0% from the September 30th total of 452 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 2,203 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On U.S. Diversified Real Estate ETF

A hedge fund recently raised its stake in U.S. Diversified Real Estate ETF stock. Arkadios Wealth Advisors raised its holdings in shares of U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) by 8.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,950 shares of the company’s stock after acquiring 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 at the end of the most recent reporting period.

U.S. Diversified Real Estate ETF Trading Down 0.1%

Shares of PPTY stock traded down $0.04 during trading on Tuesday, reaching $32.57. 353 shares of the company’s stock traded hands, compared to its average volume of 3,030. The company has a market capitalization of $22.80 million, a P/E ratio of 34.93 and a beta of 0.93. The firm’s 50-day moving average is $32.25 and its 200 day moving average is $32.46. U.S. Diversified Real Estate ETF has a 1 year low of $29.39 and a 1 year high of $35.44.

U.S. Diversified Real Estate ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 21st. Investors of record on Tuesday, October 20th were given a dividend of $0.2878 per share. The ex-dividend date was Tuesday, October 20th. This is a negative change from U.S. Diversified Real Estate ETF’s previous quarterly dividend of $0.2936. This represents a $1.15 annualized dividend and a yield of 3.5%.

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.