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

iShares Core U.S. REIT ETF (NYSEARCA:USRT) was the recipient of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 425,102 shares, an increase of 22.7% from the February 12th total of 346,533 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 493,100 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily trading volume, of 493,100 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.7% of the shares of the stock are sold short.

iShares Core U.S. REIT ETF Stock Performance

Shares of NYSEARCA:USRT opened at $60.97 on Monday. iShares Core U.S. REIT ETF has a 52-week low of $48.47 and a 52-week high of $63.72. The company has a market capitalization of $3.47 billion, a PE ratio of 35.32 and a beta of 1.02. The company has a fifty day moving average of $60.33 and a 200-day moving average of $58.82.

Hedge Funds Weigh In On iShares Core U.S. REIT ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Cornerstone Management Inc. increased its stake in shares of iShares Core U.S. REIT ETF by 16.1% in the third quarter. Cornerstone Management Inc. now owns 147,076 shares of the company’s stock valued at $8,636,000 after buying an additional 20,449 shares during the period. Biltmore Wealth Management LLC boosted its position in iShares Core U.S. REIT ETF by 5.3% during the 3rd quarter. Biltmore Wealth Management LLC now owns 209,326 shares of the company’s stock worth $12,292,000 after buying an additional 10,537 shares during the period. Earned Wealth Advisors LLC grew its holdings in iShares Core U.S. REIT ETF by 20.0% during the 3rd quarter. Earned Wealth Advisors LLC now owns 82,189 shares of the company’s stock worth $4,826,000 after acquiring an additional 13,682 shares during the last quarter. Cerity Partners LLC grew its holdings in iShares Core U.S. REIT ETF by 3.7% during the 3rd quarter. Cerity Partners LLC now owns 870,659 shares of the company’s stock worth $51,125,000 after acquiring an additional 31,328 shares during the last quarter. Finally, HighTower Advisors LLC increased its position in iShares Core U.S. REIT ETF by 21.9% in the 3rd quarter. HighTower Advisors LLC now owns 523,132 shares of the company’s stock valued at $30,719,000 after acquiring an additional 93,867 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.