iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Short Interest Update

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 35,787 shares, an increase of 124.6% from the June 30th total of 15,932 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 40,614 shares, the days-to-cover ratio is presently 0.9 days.

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

A number of hedge funds have recently modified their holdings of REZ. Cornerstone Planning Group LLC grew its holdings in iShares Residential and Multisector Real Estate ETF by 15.0% during the first quarter. Cornerstone Planning Group LLC now owns 200,966 shares of the company’s stock valued at $18,057,000 after purchasing an additional 26,185 shares during the period. JPMorgan Chase & Co. raised its stake in shares of iShares Residential and Multisector Real Estate ETF by 570.3% in the third quarter. JPMorgan Chase & Co. now owns 16,710 shares of the company’s stock worth $1,420,000 after buying an additional 14,217 shares during the period. Farther Finance Advisors LLC purchased a new position in shares of iShares Residential and Multisector Real Estate ETF during the 4th quarter valued at about $533,000. Van ECK Associates Corp lifted its position in shares of iShares Residential and Multisector Real Estate ETF by 21.6% during the 3rd quarter. Van ECK Associates Corp now owns 134,348 shares of the company’s stock valued at $11,416,000 after buying an additional 23,895 shares in the last quarter. Finally, Kendall Capital Management lifted its position 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 valued at $981,000 after buying an additional 1,044 shares in the last quarter.

iShares Residential and Multisector Real Estate ETF Trading Up 0.9%

NYSEARCA REZ traded up $0.85 during trading hours on Tuesday, hitting $99.65. 9,431 shares of the company’s stock traded hands, compared to its average volume of 49,430. The business’s fifty day moving average price is $93.42 and its two-hundred day moving average price is $89.22. The firm has a market capitalization of $916.78 million, a P/E ratio of 43.88 and a beta of 0.83. iShares Residential and Multisector Real Estate ETF has a 52 week low of $80.45 and a 52 week high of $100.43.

About iShares Residential and Multisector Real Estate ETF

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.