iShares Core U.S. REIT ETF (NYSEARCA:USRT) Short Interest Down 94.8% in June

iShares Core U.S. REIT ETF (NYSEARCA:USRT) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 266,702 shares, a drop of 94.8% from the May 31st total of 5,131,166 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 540,522 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of USRT. Morgan Stanley raised its stake in iShares Core U.S. REIT ETF by 110.7% in the fourth quarter. Morgan Stanley now owns 2,164,347 shares of the company’s stock valued at $123,281,000 after purchasing an additional 1,136,903 shares in the last quarter. Glenmede Trust Co. NA grew its stake in iShares Core U.S. REIT ETF by 12.6% in the 1st quarter. Glenmede Trust Co. NA now owns 1,965,268 shares of the company’s stock worth $116,324,000 after buying an additional 219,237 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in iShares Core U.S. REIT ETF by 5.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,841,087 shares of the company’s stock worth $104,868,000 after buying an additional 92,589 shares in the last quarter. Glenmede Investment Management LP increased its holdings in shares of iShares Core U.S. REIT ETF by 4.8% in the 3rd quarter. Glenmede Investment Management LP now owns 1,673,789 shares of the company’s stock worth $98,285,000 after buying an additional 76,496 shares during the last quarter. Finally, Trust Co of Tennessee increased its holdings in shares of iShares Core U.S. REIT ETF by 2.1% in the 4th quarter. Trust Co of Tennessee now owns 1,107,489 shares of the company’s stock worth $63,082,000 after buying an additional 23,120 shares during the last quarter.

iShares Core U.S. REIT ETF Price Performance

NYSEARCA USRT traded up $0.38 during trading on Thursday, reaching $66.79. The company’s stock had a trading volume of 632,524 shares, compared to its average volume of 472,659. The stock has a market capitalization of $3.91 billion, a PE ratio of 35.32 and a beta of 0.97. The firm has a fifty day moving average of $64.86 and a 200 day moving average of $61.46. iShares Core U.S. REIT ETF has a one year low of $55.34 and a one year high of $67.00.

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.