iShares Mortgage Real Estate ETF (BATS:REM) Short Interest Update

iShares Mortgage Real Estate ETF (BATS:REM) saw a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 395,787 shares, a decline of 53.3% from the July 30th total of 847,103 shares. Based on an average daily volume of 432,698 shares, the days-to-cover ratio is presently 0.9 days. Currently, 1.5% of the company’s stock are sold short.

iShares Mortgage Real Estate ETF Trading Down 0.3%

iShares Mortgage Real Estate ETF stock opened at $21.78 on Friday. The stock has a market cap of $561.92 million, a P/E ratio of 14.69 and a beta of 1.33. The stock has a 50 day moving average of $21.91 and a 200-day moving average of $22.02. iShares Mortgage Real Estate ETF has a 52 week low of $20.41 and a 52 week high of $24.05.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in REM. Endowment Wealth Management Inc. boosted its position in iShares Mortgage Real Estate ETF by 4.7% in the 4th quarter. Endowment Wealth Management Inc. now owns 12,487 shares of the company’s stock valued at $277,000 after buying an additional 564 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of iShares Mortgage Real Estate ETF by 1.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 40,072 shares of the company’s stock worth $889,000 after buying an additional 573 shares during the period. Balefire LLC grew its holdings in iShares Mortgage Real Estate ETF by 0.3% during the 1st quarter. Balefire LLC now owns 208,793 shares of the company’s stock worth $4,483,000 after acquiring an additional 609 shares during the period. Kestra Private Wealth Services LLC lifted its stake in iShares Mortgage Real Estate ETF by 3.0% in the first quarter. Kestra Private Wealth Services LLC now owns 25,221 shares of the company’s stock valued at $541,000 after buying an additional 741 shares during the period. Finally, Advyzon Investment Management LLC boosted its holdings in iShares Mortgage Real Estate ETF by 5.7% during the fourth quarter. Advyzon Investment Management LLC now owns 15,494 shares of the company’s stock worth $344,000 after buying an additional 841 shares during the last quarter.

About iShares Mortgage Real Estate ETF

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.