iShares Core U.S. REIT ETF (NYSEARCA:USRT) Short Interest Up 1,094.7% in May

iShares Core U.S. REIT ETF (NYSEARCA:USRT) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 5,131,166 shares, an increase of 1,094.7% from the May 14th total of 429,477 shares. Based on an average daily trading volume, of 376,952 shares, the days-to-cover ratio is currently 13.6 days. Currently, 8.8% of the company’s stock are short sold.

iShares Core U.S. REIT ETF Stock Performance

Shares of NYSEARCA:USRT traded down $0.08 during trading on Thursday, reaching $66.06. 1,180,663 shares of the stock traded hands, compared to its average volume of 466,190. The stock has a 50-day moving average of $63.79 and a two-hundred day moving average of $60.88. iShares Core U.S. REIT ETF has a 52-week low of $55.34 and a 52-week high of $66.74. The stock has a market cap of $3.86 billion, a P/E ratio of 35.32 and a beta of 0.97.

Institutional Investors Weigh In On iShares Core U.S. REIT ETF

A number of institutional investors have recently made changes to their positions in the company. Beam Wealth Advisors Inc. grew its holdings 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 valued at $616,000 after buying an additional 160 shares during the last quarter. Ellis Investment Partners LLC lifted its position in 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 valued at $839,000 after purchasing an additional 182 shares during the period. Insight Advisors LLC PA lifted its position in 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 valued at $654,000 after purchasing an additional 184 shares during the period. Founders Financial Alliance LLC raised its position in iShares Core U.S. REIT ETF by 33.3% in the third quarter. Founders Financial Alliance LLC now owns 740 shares of the company’s stock worth $43,000 after acquiring an additional 185 shares during the period. Finally, Comprehensive Money Management Services LLC raised its position in iShares Core U.S. REIT ETF by 0.6% in the first quarter. Comprehensive Money Management Services LLC now owns 38,166 shares of the company’s stock worth $2,259,000 after acquiring an additional 225 shares during the period.

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.