iShares Core U.S. REIT ETF (NYSEARCA:USRT) Short Interest Up 1,094.7% in May

iShares Core U.S. REIT ETF (NYSEARCA:USRT) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 5,131,166 shares, an increase of 1,094.7% from the May 14th total of 429,477 shares. Approximately 8.8% of the company’s shares are sold short. Based on an average daily volume of 376,952 shares, the short-interest ratio is currently 13.6 days.

Hedge Funds Weigh In On iShares Core U.S. REIT ETF

A number of hedge funds have recently made changes to their positions in the stock. Beam Wealth Advisors Inc. raised its position in shares of iShares Core U.S. REIT ETF by 1.6% in the 1st quarter. Beam Wealth Advisors Inc. now owns 10,400 shares of the company’s stock worth $616,000 after buying an additional 160 shares during the period. Ellis Investment Partners LLC raised its position in iShares Core U.S. REIT ETF by 1.3% in the fourth quarter. Ellis Investment Partners LLC now owns 14,721 shares of the company’s stock valued at $839,000 after purchasing an additional 182 shares during the period. Insight Advisors LLC PA raised its position in iShares Core U.S. REIT ETF by 1.7% in the first quarter. Insight Advisors LLC PA now owns 11,050 shares of the company’s stock valued at $654,000 after purchasing an additional 184 shares during the period. Founders Financial Alliance LLC raised its holdings in shares of iShares Core U.S. REIT ETF by 33.3% during the 3rd quarter. Founders Financial Alliance LLC now owns 740 shares of the company’s stock valued at $43,000 after buying an additional 185 shares during the period. Finally, Comprehensive Money Management Services LLC raised its holdings in shares of iShares Core U.S. REIT ETF by 0.6% during the 1st quarter. Comprehensive Money Management Services LLC now owns 38,166 shares of the company’s stock valued at $2,259,000 after buying an additional 225 shares during the period.

iShares Core U.S. REIT ETF Stock Up 2.4%

Shares of NYSEARCA:USRT traded up $1.53 during midday trading on Tuesday, reaching $66.14. The company’s stock had a trading volume of 458,972 shares, compared to its average volume of 460,302. The firm has a market cap of $3.87 billion, a price-to-earnings ratio of 35.32 and a beta of 0.97. iShares Core U.S. REIT ETF has a 1 year low of $55.34 and a 1 year high of $66.39. The business has a 50 day moving average price of $63.64 and a 200 day moving average price of $60.82.

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.