Short Interest in iShares Core U.S. REIT ETF (NYSEARCA:USRT) Drops By 17.6%

iShares Core U.S. REIT ETF (NYSEARCA:USRT) was the recipient of a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 1,042,731 shares, a decline of 17.6% from the December 15th total of 1,265,406 shares. Currently, 1.8% of the company’s shares are short sold. Based on an average daily volume of 568,475 shares, the days-to-cover ratio is presently 1.8 days. Based on an average daily volume of 568,475 shares, the days-to-cover ratio is presently 1.8 days. Currently, 1.8% of the company’s shares are short sold.

iShares Core U.S. REIT ETF Price Performance

Shares of NYSEARCA:USRT opened at $59.63 on Monday. The stock has a market cap of $3.37 billion, a price-to-earnings ratio of 35.32 and a beta of 1.02. The company has a 50 day moving average of $57.72 and a 200-day moving average of $57.69. iShares Core U.S. REIT ETF has a one year low of $48.47 and a one year high of $60.63.

Institutional Investors Weigh In On iShares Core U.S. REIT ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in USRT. Root Financial Partners LLC bought a new position in iShares Core U.S. REIT ETF during the third quarter worth about $29,000. CX Institutional raised its position in shares of iShares Core U.S. REIT ETF by 81.0% in 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 period. Founders Financial Alliance LLC boosted its stake in 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 worth $43,000 after acquiring an additional 185 shares during the last quarter. Harbour Investments Inc. grew its holdings in iShares Core U.S. REIT ETF by 150.8% during the second quarter. Harbour Investments Inc. now owns 820 shares of the company’s stock valued at $46,000 after purchasing an additional 493 shares during the period. Finally, Steigerwald Gordon & Koch Inc. bought a new stake in iShares Core U.S. REIT ETF in the third quarter valued at approximately $97,000.

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.