iShares Mortgage Real Estate ETF (BATS:REM) Short Interest Up 85.4% in July

iShares Mortgage Real Estate ETF (BATS:REM) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 847,103 shares, an increase of 85.4% from the July 15th total of 457,027 shares. Currently, 3.3% of the company’s shares are short sold. Based on an average trading volume of 583,213 shares, the short-interest ratio is currently 1.5 days.

Hedge Funds Weigh In On iShares Mortgage Real Estate ETF

Several institutional investors have recently modified their holdings of the business. Purpose Unlimited Inc. acquired a new position in shares of iShares Mortgage Real Estate ETF in the 4th quarter valued at approximately $35,000. Ashton Thomas Securities LLC acquired a new stake in iShares Mortgage Real Estate ETF during the 1st quarter worth approximately $43,000. Advisory Services Network LLC acquired a new stake in iShares Mortgage Real Estate ETF during the 3rd quarter worth approximately $58,000. McIlrath & Eck LLC bought a new position in iShares Mortgage Real Estate ETF in the fourth quarter valued at approximately $79,000. Finally, Triumph Capital Management bought a new position in iShares Mortgage Real Estate ETF in the third quarter valued at approximately $106,000.

iShares Mortgage Real Estate ETF Trading Down 0.0%

BATS:REM opened at $22.12 on Friday. iShares Mortgage Real Estate ETF has a 1 year low of $20.41 and a 1 year high of $24.05. The stock has a market cap of $570.70 million, a price-to-earnings ratio of 14.69 and a beta of 1.33. The stock has a 50-day moving average price of $21.84 and a two-hundred day moving average price of $22.11.

iShares Mortgage Real Estate ETF Company Profile

The iShares Mortgage Real Estate Capped ETF (REM) is an exchange-traded fund that is based on the FTSE Nareit All Mortgage Capped index, a market-cap-weighted index of residential and commercial mortgage REITs. REM was launched on May 1, 2007 and is managed by BlackRock.