SPDR Dow Jones REIT ETF (NYSEARCA:RWR) Sees Large Decrease in Short Interest

SPDR Dow Jones REIT ETF (NYSEARCA:RWR) was the target of a large drop in short interest in June. As of June 30th, there was short interest totaling 209,507 shares, a drop of 44.2% from the June 15th total of 375,736 shares. Currently, 1.3% of the shares of the stock are sold short. Based on an average daily volume of 283,505 shares, the days-to-cover ratio is currently 0.7 days.

SPDR Dow Jones REIT ETF Stock Down 0.0%

Shares of RWR stock opened at $117.61 on Friday. The company has a market capitalization of $1.91 billion, a P/E ratio of 36.49 and a beta of 0.97. SPDR Dow Jones REIT ETF has a 12-month low of $94.44 and a 12-month high of $118.99. The firm has a 50-day moving average price of $112.14 and a 200 day moving average price of $106.87.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of RWR. Clayton Financial Group LLC bought a new stake in SPDR Dow Jones REIT ETF during the 4th quarter worth approximately $27,000. Larson Financial Group LLC raised its position in SPDR Dow Jones REIT ETF by 153.4% in the 3rd quarter. Larson Financial Group LLC now owns 294 shares of the company’s stock valued at $30,000 after purchasing an additional 178 shares during the last quarter. CWM LLC boosted its stake in SPDR Dow Jones REIT ETF by 119.7% in the fourth quarter. CWM LLC now owns 323 shares of the company’s stock worth $32,000 after purchasing an additional 176 shares in the last quarter. CX Institutional boosted its stake in SPDR Dow Jones REIT ETF by 852.9% in the second quarter. CX Institutional now owns 324 shares of the company’s stock worth $37,000 after purchasing an additional 290 shares in the last quarter. Finally, Atlas Capital Advisors Inc. bought a new stake in shares of SPDR Dow Jones REIT ETF during the fourth quarter worth $42,000.

SPDR Dow Jones REIT ETF Company Profile

SPDR Dj Wilshire Reit ETF (the Fund), formerly SPDR Dow Jones REIT ETF, seeks to match the returns and characteristics of the Dow Jones U.S. Select REIT Index. The Dow Jones U.S. Select REIT Index consists of companies whose charters are the equity ownership and operation of commercial real estate and which operate under the REIT Act of 1960. Each REIT in the REIT Index is weighted by its float-adjusted market capitalization. That is, each security is weighted to reflect the attainable market performance of the security, which reflects that portion of securities shares that are accessible to investors.