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

First Trust Alerian Disruptive Technology Real Estate ETF (NYSEARCA:DTRE) was the target of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 96 shares, a growth of ∞ from the May 14th total of 0 shares. Based on an average daily trading volume, of 436 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Investors Weigh In On First Trust Alerian Disruptive Technology Real Estate ETF

Several hedge funds have recently made changes to their positions in DTRE. Citadel Advisors LLC purchased a new stake in shares of First Trust Alerian Disruptive Technology Real Estate ETF in the 3rd quarter worth $771,000. Virtu Financial LLC bought a new stake in First Trust Alerian Disruptive Technology Real Estate ETF during the third quarter valued at about $469,000. Flow Traders U.S. LLC bought a new stake in First Trust Alerian Disruptive Technology Real Estate ETF during the third quarter valued at about $412,000. Jones Financial Companies Lllp bought a new stake in First Trust Alerian Disruptive Technology Real Estate ETF during the first quarter valued at about $99,000. Finally, Jane Street Group LLC boosted its position in First Trust Alerian Disruptive Technology Real Estate ETF by 33.3% during the second quarter. Jane Street Group LLC now owns 7,640 shares of the company’s stock valued at $306,000 after purchasing an additional 1,910 shares in the last quarter.

First Trust Alerian Disruptive Technology Real Estate ETF Price Performance

Shares of DTRE stock remained flat at $42.79 during mid-day trading on Tuesday. The company’s stock had a trading volume of 87 shares, compared to its average volume of 612. First Trust Alerian Disruptive Technology Real Estate ETF has a twelve month low of $38.31 and a twelve month high of $43.45. The firm has a market capitalization of $16.69 million, a price-to-earnings ratio of 27.47 and a beta of 0.96. The stock has a 50-day moving average of $42.37 and a 200-day moving average of $40.97.

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.