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

iShares Core U.S. REIT ETF (NYSEARCA:USRT) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 187,710 shares, a drop of 55.7% from the September 30th total of 423,501 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 1,671,394 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of iShares Core U.S. REIT ETF

A number of institutional investors have recently bought and sold shares of the stock. Root Financial Partners LLC bought a new position in shares of iShares Core U.S. REIT ETF in the 3rd quarter worth $31,000. Signaturefd LLC purchased a new stake in shares of iShares Core U.S. REIT ETF during the 3rd quarter worth $40,000. First Horizon Corp bought a new position in iShares Core U.S. REIT ETF in the first quarter worth about $65,000. Western Wealth Management LLC bought a new position in iShares Core U.S. REIT ETF in the first quarter worth about $65,000. Finally, Latitude Advisors LLC bought a new position in iShares Core U.S. REIT ETF in the third quarter worth about $69,000.

iShares Core U.S. REIT ETF Price Performance

Shares of iShares Core U.S. REIT ETF stock traded down $0.08 on Friday, reaching $63.77. The company had a trading volume of 1,744,458 shares, compared to its average volume of 607,036. The firm has a market cap of $4.30 billion, a price-to-earnings ratio of 35.32 and a beta of 0.95. The firm’s 50-day moving average price is $63.47 and its two-hundred day moving average price is $63.68. iShares Core U.S. REIT ETF has a 1 year low of $56.44 and a 1 year high of $70.09.

iShares Core U.S. REIT ETF Company Profile

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.