NETLease Corporate Real Estate ETF (NYSEARCA:NETL) Stock Short Interest Climbs 179.5%

NETLease Corporate Real Estate ETF (NYSEARCA:NETL) saw a large growth in short interest in September. As of September 30th, there was short interest totaling 71,304 shares, a growth of 179.5% from the September 15th total of 25,508 shares. Based on an average daily volume of 29,939 shares, the days-to-cover ratio is presently 2.4 days. Currently, 3.6% of the shares of the company are short sold.

Hedge Funds Weigh In On NETLease Corporate Real Estate ETF

A hedge fund recently bought a new stake in NETLease Corporate Real Estate ETF stock. Continuum Advisory LLC acquired a new position in NETLease Corporate Real Estate ETF (NYSEARCA:NETL) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 1,995 shares of the company’s stock, valued at approximately $53,000. Continuum Advisory LLC owned approximately 0.10% of NETLease Corporate Real Estate ETF as of its most recent SEC filing. Institutional investors and hedge funds own 83.51% of the company’s stock.

NETLease Corporate Real Estate ETF Price Performance

NYSEARCA NETL traded up $0.16 on Monday, hitting $23.82. 7,910 shares of the company’s stock were exchanged, compared to its average volume of 13,064. The firm’s 50-day moving average price is $25.56 and its two-hundred day moving average price is $26.14. The firm has a market cap of $47.64 million, a price-to-earnings ratio of -31.34 and a beta of 0.82. NETLease Corporate Real Estate ETF has a fifty-two week low of $23.28 and a fifty-two week high of $28.43.

About NETLease Corporate Real Estate ETF

The fundamental Income Net Lease Real Estate ETF (NETL) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks an index that provides current income by investing in net lease US real estate equities weighted by a modified market-cap strategy. NETL was launched on Mar 22, 2019 and is managed by NETL.