iShares Core U.S. REIT ETF (NYSEARCA:USRT) Short Interest Down 21.8% in March

iShares Core U.S. REIT ETF (NYSEARCA:USRT) was the recipient of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 332,322 shares, a drop of 21.8% from the February 26th total of 425,102 shares. Based on an average daily volume of 388,277 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.6% of the shares of the company are short sold.

Institutional Trading of iShares Core U.S. REIT ETF

Hedge funds have recently added to or reduced their stakes in the stock. Range Financial Group LLC grew its position in shares of iShares Core U.S. REIT ETF by 1.1% during the 3rd quarter. Range Financial Group LLC now owns 15,222 shares of the company’s stock valued at $894,000 after acquiring an additional 172 shares during the period. Ellis Investment Partners LLC raised its holdings in shares of iShares Core U.S. REIT ETF by 1.3% in the 4th quarter. Ellis Investment Partners LLC now owns 14,721 shares of the company’s stock worth $839,000 after purchasing an additional 182 shares during the period. Founders Financial Alliance LLC raised its holdings in shares of iShares Core U.S. REIT ETF by 33.3% in the 3rd quarter. Founders Financial Alliance LLC now owns 740 shares of the company’s stock worth $43,000 after purchasing an additional 185 shares during the period. Insight Advisors LLC PA raised its holdings in shares of iShares Core U.S. REIT ETF by 1.9% in the 4th quarter. Insight Advisors LLC PA now owns 10,866 shares of the company’s stock worth $619,000 after purchasing an additional 204 shares during the period. Finally, Principal Securities Inc. lifted its stake in iShares Core U.S. REIT ETF by 2.2% in the fourth quarter. Principal Securities Inc. now owns 10,669 shares of the company’s stock valued at $608,000 after purchasing an additional 233 shares during the last quarter.

iShares Core U.S. REIT ETF Price Performance

NYSEARCA USRT opened at $58.14 on Friday. The business’s fifty day moving average is $60.63 and its 200-day moving average is $58.91. The stock has a market capitalization of $3.31 billion, a price-to-earnings ratio of 35.32 and a beta of 1.02. iShares Core U.S. REIT ETF has a one year low of $48.47 and a one year high of $63.72.

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.