iShares Core U.S. REIT ETF (NYSEARCA:USRT) Sees Significant Increase in Short Interest

iShares Core U.S. REIT ETF (NYSEARCA:USRT) saw a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 425,102 shares, a growth of 22.7% from the February 12th total of 346,533 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average daily volume of 493,100 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily volume of 493,100 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.7% of the company’s shares are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Cornerstone Management Inc. raised its position in iShares Core U.S. REIT ETF by 16.1% during the 3rd quarter. Cornerstone Management Inc. now owns 147,076 shares of the company’s stock worth $8,636,000 after buying an additional 20,449 shares during the last quarter. Biltmore Wealth Management LLC boosted its stake in shares of iShares Core U.S. REIT ETF by 5.3% during the 3rd quarter. Biltmore Wealth Management LLC now owns 209,326 shares of the company’s stock worth $12,292,000 after acquiring an additional 10,537 shares in the last quarter. Earned Wealth Advisors LLC grew its holdings in shares of iShares Core U.S. REIT ETF by 20.0% in the 3rd quarter. Earned Wealth Advisors LLC now owns 82,189 shares of the company’s stock worth $4,826,000 after acquiring an additional 13,682 shares during the period. Cerity Partners LLC grew its holdings in shares of iShares Core U.S. REIT ETF by 3.7% in the 3rd quarter. Cerity Partners LLC now owns 870,659 shares of the company’s stock worth $51,125,000 after acquiring an additional 31,328 shares during the period. Finally, HighTower Advisors LLC increased its stake in iShares Core U.S. REIT ETF by 21.9% in the 3rd quarter. HighTower Advisors LLC now owns 523,132 shares of the company’s stock valued at $30,719,000 after purchasing an additional 93,867 shares in the last quarter.

iShares Core U.S. REIT ETF Trading Down 0.1%

NYSEARCA USRT traded down $0.04 during trading hours on Tuesday, reaching $61.47. The company had a trading volume of 759,179 shares, compared to its average volume of 483,574. The stock has a 50-day moving average of $60.41 and a 200 day moving average of $58.85. iShares Core U.S. REIT ETF has a 1-year low of $48.47 and a 1-year high of $63.72. The stock has a market capitalization of $3.50 billion, a P/E ratio of 35.32 and a beta of 1.02.

About iShares Core U.S. REIT ETF

The iShares Core U.S. REIT ETF (USRT) is an exchange-traded fund that is based on the FTSE Nareit \u002F Equity REITs – INV index, a market-cap-weighted index of US-listed REITs USRT was launched on May 1, 2007 and is managed by BlackRock.