Short Interest in iShares Mortgage Real Estate ETF (BATS:REM) Expands By 85.4%

iShares Mortgage Real Estate ETF (BATS:REM) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 847,103 shares, an increase of 85.4% from the July 15th total of 457,027 shares. Approximately 3.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 583,213 shares, the days-to-cover ratio is presently 1.5 days.

iShares Mortgage Real Estate ETF Stock Performance

BATS REM opened at $22.05 on Tuesday. iShares Mortgage Real Estate ETF has a 1 year low of $20.41 and a 1 year high of $24.05. The business’s fifty day moving average is $21.85 and its two-hundred day moving average is $22.09. The stock has a market capitalization of $568.89 million, a P/E ratio of 14.69 and a beta of 1.33.

Institutional Investors Weigh In On iShares Mortgage Real Estate ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Purpose Unlimited Inc. acquired a new position in shares of iShares Mortgage Real Estate ETF in the 4th quarter valued at $35,000. Ashton Thomas Securities LLC acquired a new stake in iShares Mortgage Real Estate ETF during the 1st quarter worth about $43,000. Advisory Services Network LLC acquired a new stake in iShares Mortgage Real Estate ETF during the 3rd quarter worth about $58,000. McIlrath & Eck LLC purchased a new stake in iShares Mortgage Real Estate ETF during the fourth quarter valued at about $79,000. Finally, Triumph Capital Management purchased a new stake in iShares Mortgage Real Estate ETF during the third quarter valued at about $106,000.

About iShares Mortgage Real Estate ETF

The iShares Mortgage Real Estate Capped ETF (REM) is an exchange-traded fund that is based on the FTSE Nareit All Mortgage Capped index, a market-cap-weighted index of residential and commercial mortgage REITs. REM was launched on May 1, 2007 and is managed by BlackRock.