iShares Core U.S. REIT ETF (NYSEARCA:USRT) Short Interest Up 1,094.7% in May
by Teresa Graham · The Cerbat GemiShares Core U.S. REIT ETF (NYSEARCA:USRT – Get Free Report) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 5,131,166 shares, a growth of 1,094.7% from the May 14th total of 429,477 shares. Approximately 8.8% of the company’s stock are short sold. Based on an average daily volume of 376,952 shares, the short-interest ratio is currently 13.6 days.
iShares Core U.S. REIT ETF Stock Up 2.4%
Shares of NYSEARCA USRT traded up $1.53 during trading on Tuesday, reaching $66.14. 458,972 shares of the stock were exchanged, compared to its average volume of 460,302. The business’s 50-day moving average price is $63.64 and its 200 day moving average price is $60.82. iShares Core U.S. REIT ETF has a twelve month low of $55.34 and a twelve month high of $66.39. The company has a market capitalization of $3.87 billion, a price-to-earnings ratio of 35.32 and a beta of 0.97.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. Beam Wealth Advisors Inc. lifted its position in shares of iShares Core U.S. REIT ETF by 1.6% during the first quarter. Beam Wealth Advisors Inc. now owns 10,400 shares of the company’s stock worth $616,000 after purchasing an additional 160 shares in the last quarter. Ellis Investment Partners LLC lifted its position in shares of iShares Core U.S. REIT ETF by 1.3% during the fourth quarter. Ellis Investment Partners LLC now owns 14,721 shares of the company’s stock worth $839,000 after purchasing an additional 182 shares in the last quarter. Insight Advisors LLC PA lifted its position in shares of iShares Core U.S. REIT ETF by 1.7% during the first quarter. Insight Advisors LLC PA now owns 11,050 shares of the company’s stock worth $654,000 after purchasing an additional 184 shares in the last quarter. Founders Financial Alliance LLC lifted its position in shares of iShares Core U.S. REIT ETF by 33.3% during the third quarter. Founders Financial Alliance LLC now owns 740 shares of the company’s stock worth $43,000 after purchasing an additional 185 shares in the last quarter. Finally, Comprehensive Money Management Services LLC lifted its position in shares of iShares Core U.S. REIT ETF by 0.6% during the first quarter. Comprehensive Money Management Services LLC now owns 38,166 shares of the company’s stock worth $2,259,000 after purchasing an additional 225 shares in the last quarter.
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.