iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Sees Large Decline in Short Interest

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 15,932 shares, a decrease of 68.1% from the June 15th total of 49,928 shares. Based on an average daily trading volume, of 41,730 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the company’s stock are short sold.

Institutional Investors Weigh In On iShares Residential and Multisector Real Estate ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Monetary Solutions Ltd acquired a new position in iShares Residential and Multisector Real Estate ETF during the fourth quarter worth $26,000. Sound Income Strategies LLC lifted its position in shares of iShares Residential and Multisector Real Estate ETF by 19.3% in the fourth quarter. Sound Income Strategies LLC now owns 2,331 shares of the company’s stock worth $201,000 after buying an additional 377 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its position in shares of iShares Residential and Multisector Real Estate ETF by 7.3% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 14,702 shares of the company’s stock worth $1,215,000 after buying an additional 996 shares during the last quarter. Main Street Group LTD acquired a new stake in shares of iShares Residential and Multisector Real Estate ETF in the first quarter worth about $85,000. Finally, Kendall Capital Management boosted its stake in shares of iShares Residential and Multisector Real Estate ETF by 9.6% during the 4th quarter. Kendall Capital Management now owns 11,873 shares of the company’s stock worth $981,000 after acquiring an additional 1,044 shares in the last quarter.

iShares Residential and Multisector Real Estate ETF Price Performance

REZ traded down $0.15 during midday trading on Tuesday, hitting $95.92. 40,479 shares of the company’s stock traded hands, compared to its average volume of 50,335. The company has a market cap of $887.26 million, a PE ratio of 43.88 and a beta of 0.83. The stock’s fifty day simple moving average is $92.21 and its 200-day simple moving average is $88.27. iShares Residential and Multisector Real Estate ETF has a one year low of $80.45 and a one year high of $98.64.

iShares Residential and Multisector Real Estate ETF Company Profile

The iShares Residential and Multisector Real Estate ETF (REZ) is an exchange-traded fund that is based on the FTSE Nareit All Residential Capped index. The fund tracks a market cap-weighted index of US residential, health care, and specialized REITs. REZ was launched on May 1, 2007 and is managed by BlackRock.