iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Sees Large Drop in Short Interest

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) saw a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 15,932 shares, a drop of 68.1% from the June 15th total of 49,928 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 41,730 shares, the days-to-cover ratio is presently 0.4 days.

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

A number of institutional investors have recently made changes to their positions in the company. Monetary Solutions Ltd acquired a new stake in iShares Residential and Multisector Real Estate ETF in the 4th quarter worth about $26,000. Sound Income Strategies LLC grew its position in shares of iShares Residential and Multisector Real Estate ETF by 19.3% during the 4th quarter. Sound Income Strategies LLC now owns 2,331 shares of the company’s stock worth $201,000 after purchasing an additional 377 shares in the last quarter. Creative Financial Designs Inc. ADV grew its position in shares of iShares Residential and Multisector Real Estate ETF by 7.3% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 14,702 shares of the company’s stock worth $1,215,000 after purchasing an additional 996 shares in the last quarter. Main Street Group LTD bought a new position in shares of iShares Residential and Multisector Real Estate ETF during the first quarter worth approximately $85,000. Finally, Kendall Capital Management increased its holdings in shares of iShares Residential and Multisector Real Estate ETF by 9.6% during the fourth quarter. Kendall Capital Management now owns 11,873 shares of the company’s stock worth $981,000 after purchasing an additional 1,044 shares during the period.

iShares Residential and Multisector Real Estate ETF Stock Performance

REZ remained flat at $95.00 on Friday. 31,167 shares of the company were exchanged, compared to its average volume of 50,430. iShares Residential and Multisector Real Estate ETF has a twelve month low of $80.45 and a twelve month high of $98.64. The firm has a market cap of $878.75 million, a PE ratio of 43.88 and a beta of 0.83. The firm’s fifty day simple moving average is $91.97 and its two-hundred day simple moving average is $88.05.

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.