Short Interest in iShares Select U.S. REIT ETF (BATS:ICF) Declines By 46.8%

iShares Select U.S. REIT ETF (BATS:ICF) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 167,841 shares, a decrease of 46.8% from the May 31st total of 315,371 shares. Based on an average daily volume of 150,898 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.5% of the shares of the company are short sold.

iShares Select U.S. REIT ETF Trading Down 1.9%

BATS:ICF opened at $67.63 on Wednesday. iShares Select U.S. REIT ETF has a 12 month low of $58.91 and a 12 month high of $69.78. The firm has a fifty day simple moving average of $67.74 and a 200-day simple moving average of $64.34. The company has a market capitalization of $2.13 billion, a P/E ratio of 35.35 and a beta of 0.97.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ICF. Clayton Financial Group LLC lifted its holdings in shares of iShares Select U.S. REIT ETF by 411.5% during the fourth quarter. Clayton Financial Group LLC now owns 491 shares of the company’s stock worth $29,000 after purchasing an additional 395 shares during the period. AlphaCore Capital LLC acquired a new stake in shares of iShares Select U.S. REIT ETF in the fourth quarter worth $37,000. Flagship Harbor Advisors LLC acquired a new stake in shares of iShares Select U.S. REIT ETF in the fourth quarter worth $47,000. Harbour Investments Inc. raised its holdings in shares of iShares Select U.S. REIT ETF by 28.6% during the fourth quarter. Harbour Investments Inc. now owns 918 shares of the company’s stock worth $55,000 after purchasing an additional 204 shares during the last quarter. Finally, Assetmark Inc. raised its holdings in shares of iShares Select U.S. REIT ETF by 69.6% during the fourth quarter. Assetmark Inc. now owns 1,196 shares of the company’s stock worth $71,000 after purchasing an additional 491 shares during the last quarter.

About iShares Select U.S. REIT ETF

iShares Cohen & Steers REIT ETF (the Fund), formerly iShares Cohen & Steers Realty Majors Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the Cohen & Steers Realty Majors Index (the Index). The Index consists of selected real estate investment trusts (REITs). The objective of the Index is to represent relatively large and liquid REITs that may benefit from consolidation and securitization of the United States real estate industry.