Short Interest in First Trust Alerian Disruptive Technology Real Estate ETF (NYSEARCA:DTRE) Decreases By 52.9%

First Trust Alerian Disruptive Technology Real Estate ETF (NYSEARCA:DTRE) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 16 shares, a drop of 52.9% from the June 30th total of 34 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 338 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On First Trust Alerian Disruptive Technology Real Estate ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC bought a new stake in First Trust Alerian Disruptive Technology Real Estate ETF during the third quarter worth about $31,000. Kestra Advisory Services LLC bought a new position in shares of First Trust Alerian Disruptive Technology Real Estate ETF in the fourth quarter valued at approximately $33,000. Osaic Holdings Inc. boosted its holdings in shares of First Trust Alerian Disruptive Technology Real Estate ETF by 64.1% in the 2nd quarter. Osaic Holdings Inc. now owns 1,055 shares of the company’s stock worth $42,000 after acquiring an additional 412 shares in the last quarter. Jones Financial Companies Lllp acquired a new position in shares of First Trust Alerian Disruptive Technology Real Estate ETF in the 1st quarter worth approximately $99,000. Finally, Susquehanna International Group LLP grew its position in First Trust Alerian Disruptive Technology Real Estate ETF by 8.7% during the 3rd quarter. Susquehanna International Group LLP now owns 6,864 shares of the company’s stock worth $271,000 after acquiring an additional 551 shares during the last quarter.

First Trust Alerian Disruptive Technology Real Estate ETF Stock Performance

Shares of NYSEARCA:DTRE traded up $0.07 on Wednesday, hitting $43.54. The stock had a trading volume of 141 shares, compared to its average volume of 546. The firm’s 50 day moving average price is $42.56 and its 200-day moving average price is $41.61. First Trust Alerian Disruptive Technology Real Estate ETF has a twelve month low of $38.31 and a twelve month high of $43.54. The company has a market capitalization of $14.80 million, a price-to-earnings ratio of 27.47 and a beta of 0.97.

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.