iShares Core U.S. REIT ETF (NYSEARCA:USRT) Short Interest Down 94.8% in June

iShares Core U.S. REIT ETF (NYSEARCA:USRT) was the recipient of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 266,702 shares, a decrease of 94.8% from the May 31st total of 5,131,166 shares. Based on an average daily volume of 540,522 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.5% of the shares of the company are short sold.

iShares Core U.S. REIT ETF Price Performance

Shares of USRT traded up $0.86 on Friday, reaching $67.65. The company’s stock had a trading volume of 505,878 shares, compared to its average volume of 472,504. The stock has a market capitalization of $3.96 billion, a P/E ratio of 35.32 and a beta of 0.97. The stock’s 50 day simple moving average is $64.96 and its two-hundred day simple moving average is $61.50. iShares Core U.S. REIT ETF has a 12-month low of $55.34 and a 12-month high of $67.73.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of USRT. Morgan Stanley increased its stake in shares of iShares Core U.S. REIT ETF by 110.7% in the 4th quarter. Morgan Stanley now owns 2,164,347 shares of the company’s stock worth $123,281,000 after purchasing an additional 1,136,903 shares in the last quarter. Fifth Third Bancorp lifted its position in iShares Core U.S. REIT ETF by 213,523.6% during the first quarter. Fifth Third Bancorp now owns 777,590 shares of the company’s stock valued at $46,026,000 after purchasing an additional 777,226 shares in the last quarter. 93 Financial Group LLC purchased a new position in iShares Core U.S. REIT ETF during the fourth quarter valued at $20,812,000. Stadion Money Management LLC bought a new stake in iShares Core U.S. REIT ETF during the first quarter valued at about $17,417,000. Finally, Sumitomo Life Insurance Co. grew its holdings in iShares Core U.S. REIT ETF by 488.1% during the third quarter. Sumitomo Life Insurance Co. now owns 282,300 shares of the company’s stock valued at $16,577,000 after purchasing an additional 234,300 shares during the period.

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.