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 significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 319,023 shares, a decline of 36.2% from the January 15th total of 499,849 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 684,210 shares, the short-interest ratio is presently 0.5 days. Based on an average daily trading volume, of 684,210 shares, the short-interest ratio is presently 0.5 days. Approximately 0.6% of the company’s stock are sold short.

iShares Core U.S. REIT ETF Stock Performance

Shares of NYSEARCA:USRT traded up $0.76 during trading on Friday, reaching $62.29. 253,223 shares of the stock traded hands, compared to its average volume of 502,211. The stock has a market cap of $3.54 billion, a P/E ratio of 35.32 and a beta of 1.02. The stock has a 50-day moving average of $58.23 and a two-hundred day moving average of $58.01. iShares Core U.S. REIT ETF has a 52-week low of $48.47 and a 52-week high of $62.83.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Root Financial Partners LLC purchased a new stake in shares of iShares Core U.S. REIT ETF during the third quarter valued at $29,000. WealthShield Partners LLC bought a new position in iShares Core U.S. REIT ETF during the 4th quarter valued at about $29,000. CX Institutional boosted its holdings in shares of iShares Core U.S. REIT ETF by 81.0% during the 3rd quarter. CX Institutional now owns 608 shares of the company’s stock valued at $36,000 after acquiring an additional 272 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of iShares Core U.S. REIT ETF by 143.7% during the 4th quarter. Signaturefd LLC now owns 641 shares of the company’s stock valued at $37,000 after acquiring an additional 378 shares during the last quarter. Finally, Brown Brothers Harriman & Co. bought a new position in iShares Core U.S. REIT ETF during the fourth quarter valued at approximately $40,000.

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.