iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Shares Shorted: Short Interest Up 374.4% in September

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 46,188 shares, a growth of 374.4% from the September 15th total of 9,736 shares. Based on an average trading volume of 60,159 shares, the short-interest ratio is currently 0.8 days. Currently, 0.5% of the company’s stock are sold short.

iShares Residential and Multisector Real Estate ETF Stock Up 1.0%

Shares of REZ traded up $0.91 during mid-day trading on Friday, hitting $87.84. 156,603 shares of the company traded hands, compared to its average volume of 57,093. The business has a 50 day moving average of $92.44 and a 200 day moving average of $91.57. The company has a market capitalization of $781.78 million, a PE ratio of 43.88 and a beta of 0.82. iShares Residential and Multisector Real Estate ETF has a 1-year low of $80.86 and a 1-year high of $100.43.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in REZ. Cornerstone Planning Group LLC raised its holdings in shares of iShares Residential and Multisector Real Estate ETF by 15.0% in the first quarter. Cornerstone Planning Group LLC now owns 200,966 shares of the company’s stock worth $18,057,000 after buying an additional 26,185 shares during the last quarter. Congress Asset Management Co. purchased a new stake in shares of iShares Residential and Multisector Real Estate ETF during the third quarter valued at $1,204,000. CX Institutional purchased a new stake in shares of iShares Residential and Multisector Real Estate ETF during the third quarter valued at $1,110,000. Farther Finance Advisors LLC purchased a new stake in shares of iShares Residential and Multisector Real Estate ETF during the third quarter valued at $511,000. Finally, RVW Wealth LLC acquired a new position in shares of iShares Residential and Multisector Real Estate ETF in the 3rd quarter valued at $285,000.

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.