iShares Mortgage Real Estate ETF (BATS:REM) Short Interest Up 85.4% in July

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

Institutional Trading of iShares Mortgage Real Estate ETF

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

iShares Mortgage Real Estate ETF Stock Performance

Shares of REM stock opened at $22.12 on Monday. The stock has a market cap of $570.70 million, a P/E ratio of 14.69 and a beta of 1.33. The stock has a 50 day simple moving average of $21.84 and a 200 day simple moving average of $22.10. iShares Mortgage Real Estate ETF has a 1 year low of $20.41 and a 1 year high of $24.05.

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.