iShares Core U.S. REIT ETF (NYSEARCA:USRT) Sees Significant Drop in Short Interest

iShares Core U.S. REIT ETF (NYSEARCA:USRT) was the target of a significant decline in short interest during the month of January. As of January 15th, there was short interest totaling 499,849 shares, a decline of 52.1% from the December 31st total of 1,042,731 shares. Based on an average daily volume of 544,646 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.9% of the company’s stock are short sold. Approximately 0.9% of the company’s stock are short sold. Based on an average daily volume of 544,646 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Trading of iShares Core U.S. REIT ETF

Hedge funds have recently bought and sold shares of the business. Brighton Jones LLC bought a new position in iShares Core U.S. REIT ETF in the 4th quarter valued at $660,000. Royal Bank of Canada boosted its holdings in shares of iShares Core U.S. REIT ETF by 12.9% in the 1st quarter. Royal Bank of Canada now owns 97,765 shares of the company’s stock worth $5,632,000 after buying an additional 11,175 shares during the last quarter. AQR Capital Management LLC purchased a new position in shares of iShares Core U.S. REIT ETF in the 1st quarter worth about $220,000. Park Avenue Securities LLC grew its position in iShares Core U.S. REIT ETF by 33.6% during the second quarter. Park Avenue Securities LLC now owns 4,729 shares of the company’s stock valued at $267,000 after buying an additional 1,189 shares during the period. Finally, Heritage Financial Services LLC increased its holdings in iShares Core U.S. REIT ETF by 1.5% during the second quarter. Heritage Financial Services LLC now owns 738,880 shares of the company’s stock worth $41,791,000 after buying an additional 10,948 shares during the last quarter.

iShares Core U.S. REIT ETF Stock Performance

NYSEARCA:USRT opened at $57.55 on Thursday. iShares Core U.S. REIT ETF has a 52 week low of $48.47 and a 52 week high of $60.63. The firm has a 50-day moving average price of $57.81 and a two-hundred day moving average price of $57.78. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of 35.32 and a beta of 1.02.

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.