U.S. Diversified Real Estate ETF (NYSEARCA:PPTY – Get Free Report) saw a significant decrease in short interest in October. As of October 30th, there was short interest totaling 62 shares, a decrease of 77.1% from the October 15th total of 271 shares. Based on an average trading volume of 1,155 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.
Institutional Trading of U.S. Diversified Real Estate ETF
A hedge fund recently raised its stake in U.S. Diversified Real Estate ETF stock. Arkadios Wealth Advisors raised its stake in U.S. Diversified Real Estate ETF (NYSEARCA:PPTY – Free Report) by 8.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,950 shares of the company’s stock after buying an additional 1,406 shares during the quarter. Arkadios Wealth Advisors owned about 2.53% of U.S. Diversified Real Estate ETF worth $571,000 at the end of the most recent reporting period.
U.S. Diversified Real Estate ETF Price Performance
NYSEARCA PPTY opened at $33.33 on Thursday. U.S. Diversified Real Estate ETF has a one year low of $29.54 and a one year high of $35.44. The firm has a market cap of $23.33 million, a P/E ratio of 30.82 and a beta of 0.91. The stock’s 50-day moving average is $32.17 and its 200-day moving average is $32.55.
U.S. Diversified Real Estate ETF Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 21st. Investors of record on Tuesday, October 20th were paid a dividend of $0.2878 per share. This represents a $1.15 dividend on an annualized basis and a yield of 3.5%. 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.
About U.S. Diversified Real Estate ETF
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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