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

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 13,740 shares, a decline of 61.6% from the July 15th total of 35,787 shares. Based on an average daily trading volume, of 38,766 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are sold short.

iShares Residential and Multisector Real Estate ETF Stock Performance

NYSEARCA:REZ traded up $0.25 during trading hours on Friday, hitting $95.41. 32,884 shares of the company’s stock traded hands, compared to its average volume of 50,150. The stock’s fifty day moving average price is $94.93 and its two-hundred day moving average price is $90.31. The firm has a market cap of $868.23 million, a P/E ratio of 43.88 and a beta of 0.83. iShares Residential and Multisector Real Estate ETF has a twelve month low of $80.86 and a twelve month high of $100.43.

Hedge Funds Weigh In On iShares Residential and Multisector Real Estate ETF

A number of large investors have recently made changes to their positions in the business. Monetary Solutions Ltd acquired a new stake in shares of iShares Residential and Multisector Real Estate ETF during the fourth quarter worth approximately $26,000. Main Street Group LTD acquired a new position in iShares Residential and Multisector Real Estate ETF in the 1st quarter valued at approximately $85,000. Farther Finance Advisors LLC acquired a new position in iShares Residential and Multisector Real Estate ETF in the 4th quarter valued at approximately $533,000. Lederer & Associates Investment Counsel CA lifted its position in iShares Residential and Multisector Real Estate ETF by 190.7% in the 4th quarter. Lederer & Associates Investment Counsel CA now owns 6,905 shares of the company’s stock worth $571,000 after buying an additional 4,530 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its position in iShares Residential and Multisector Real Estate ETF by 7.3% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 14,702 shares of the company’s stock worth $1,215,000 after buying an additional 996 shares in the last quarter.

iShares Residential and Multisector Real Estate ETF Company Profile

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.