iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Short Interest Up 236.2% in August

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 65,043 shares, a growth of 236.2% from the August 15th total of 19,344 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average daily volume of 63,261 shares, the days-to-cover ratio is currently 1.0 days.

iShares Residential and Multisector Real Estate ETF Price Performance

Shares of REZ stock traded up $0.10 on Monday, hitting $92.18. The company’s stock had a trading volume of 13,636 shares, compared to its average volume of 50,802. iShares Residential and Multisector Real Estate ETF has a fifty-two week low of $80.86 and a fifty-two week high of $100.43. The firm’s fifty day moving average price is $95.66 and its 200-day moving average price is $91.46. The stock has a market capitalization of $838.84 million, a price-to-earnings ratio of 43.88 and a beta of 0.82.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Cornerstone Planning Group LLC boosted its position in iShares Residential and Multisector Real Estate ETF by 15.0% during the first quarter. Cornerstone Planning Group LLC now owns 200,966 shares of the company’s stock worth $18,057,000 after purchasing an additional 26,185 shares during the period. Main Street Group LTD bought a new position in shares of iShares Residential and Multisector Real Estate ETF in the first quarter valued at approximately $85,000. Monetary Solutions Ltd acquired a new stake in shares of iShares Residential and Multisector Real Estate ETF in the fourth quarter worth $26,000. Van ECK Associates Corp lifted its stake in shares of iShares Residential and Multisector Real Estate ETF by 3.7% in the fourth quarter. Van ECK Associates Corp now owns 139,276 shares of the company’s stock worth $11,510,000 after buying an additional 4,928 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its holdings 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 buying an additional 996 shares during the period.

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.