iShares U.S. Real Estate ETF (NYSEARCA:IYR) Short Interest Down 12.0% in February

iShares U.S. Real Estate ETF (NYSEARCA:IYR) was the target of a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 7,855,291 shares, a drop of 12.0% from the February 12th total of 8,922,427 shares. Currently, 18.5% of the company’s shares are sold short. Based on an average daily trading volume, of 6,930,363 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily trading volume, of 6,930,363 shares, the days-to-cover ratio is currently 1.1 days. Currently, 18.5% of the company’s shares are sold short.

iShares U.S. Real Estate ETF Trading Up 0.8%

Shares of iShares U.S. Real Estate ETF stock opened at $98.25 on Tuesday. The business’s fifty day moving average price is $97.93 and its 200 day moving average price is $96.46. iShares U.S. Real Estate ETF has a twelve month low of $81.53 and a twelve month high of $101.80. The stock has a market capitalization of $4.16 billion, a P/E ratio of 35.41 and a beta of 1.01.

Hedge Funds Weigh In On iShares U.S. Real Estate ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Hsbc Holdings PLC purchased a new stake in shares of iShares U.S. Real Estate ETF during the 4th quarter worth about $399,722,000. Cibc World Markets Corp purchased a new position in iShares U.S. Real Estate ETF in the fourth quarter valued at approximately $322,756,000. Price T Rowe Associates Inc. MD purchased a new position in iShares U.S. Real Estate ETF in the fourth quarter valued at approximately $276,312,000. Gallagher Fiduciary Advisors LLC lifted its position in iShares U.S. Real Estate ETF by 9,674.5% during the second quarter. Gallagher Fiduciary Advisors LLC now owns 1,554,040 shares of the real estate investment trust’s stock valued at $147,276,000 after buying an additional 1,538,141 shares in the last quarter. Finally, Citigroup Inc. lifted its position in iShares U.S. Real Estate ETF by 149.4% during the second quarter. Citigroup Inc. now owns 1,807,775 shares of the real estate investment trust’s stock valued at $171,323,000 after buying an additional 1,083,044 shares in the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

About iShares U.S. Real Estate ETF

iShares U.S. Real Estate ETF, formerly iShares Dow Jones U.S. Real Estate Index Fund (the Fund), is a non-diversified fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Real Estate Index (the Index). The Index measures the performance of the real estate sector of the United States equity market, and includes companies in the industry groups, such as real estate holding and development and real estate investment trusts (REITs).