U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) Sees Significant Decline in Short Interest

U.S. Diversified Real Estate ETF (NYSEARCA:PPTY – Get Free Report) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 271 shares, a drop of 40.0% from the September 30th total of 452 shares. Based on an average trading volume of 2,203 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

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

A hedge fund recently raised its position in U.S. Diversified Real Estate ETF stock. Arkadios Wealth Advisors increased its stake in shares of U.S. Diversified Real Estate ETF (NYSEARCA:PPTY – Free Report) by 8.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 18,950 shares of the company’s stock after purchasing an additional 1,406 shares during the quarter. Arkadios Wealth Advisors owned 2.53% of U.S. Diversified Real Estate ETF worth $571,000 at the end of the most recent quarter.

U.S. Diversified Real Estate ETF Trading Down 0.4%

PPTY opened at $32.13 on Friday. The firm has a market cap of $22.49 million, a P/E ratio of 34.93 and a beta of 0.93. U.S. Diversified Real Estate ETF has a 12 month low of $29.39 and a 12 month high of $35.44. The stock has a 50-day moving average of $32.28 and a 200 day moving average of $32.46.

U.S. Diversified Real Estate ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 21st. Stockholders of record on Tuesday, October 20th were paid a $0.2878 dividend. This represents a $1.15 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Tuesday, October 20th. This is a negative change from U.S. Diversified Real Estate ETF’s previous quarterly dividend of $0.2936.

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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