iShares Mortgage Real Estate ETF (BATS:REM) Sees Large Decrease in Short Interest

iShares Mortgage Real Estate ETF (BATS:REM) was the recipient of a large drop in short interest in August. As of August 14th, there was short interest totaling 395,787 shares, a drop of 53.3% from the July 30th total of 847,103 shares. Approximately 1.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 432,698 shares, the days-to-cover ratio is presently 0.9 days.

iShares Mortgage Real Estate ETF Stock Performance

Shares of REM stock opened at $21.78 on Monday. iShares Mortgage Real Estate ETF has a fifty-two week low of $20.41 and a fifty-two week high of $24.05. The stock’s fifty day moving average is $21.91 and its two-hundred day moving average is $22.02. The firm has a market capitalization of $561.92 million, a P/E ratio of 14.69 and a beta of 1.33.

Institutional Trading of iShares Mortgage Real Estate ETF

Several hedge funds have recently modified their holdings of REM. Endowment Wealth Management Inc. grew its holdings in shares of iShares Mortgage Real Estate ETF by 4.7% during the fourth quarter. Endowment Wealth Management Inc. now owns 12,487 shares of the company’s stock worth $277,000 after buying an additional 564 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in iShares Mortgage Real Estate ETF by 1.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 40,072 shares of the company’s stock valued at $889,000 after purchasing an additional 573 shares during the last quarter. Balefire LLC raised its position in shares of iShares Mortgage Real Estate ETF by 0.3% during the 1st quarter. Balefire LLC now owns 208,793 shares of the company’s stock worth $4,483,000 after purchasing an additional 609 shares during the last quarter. Kestra Private Wealth Services LLC boosted its position in iShares Mortgage Real Estate ETF by 3.0% during the first quarter. Kestra Private Wealth Services LLC now owns 25,221 shares of the company’s stock worth $541,000 after acquiring an additional 741 shares during the last quarter. Finally, Advyzon Investment Management LLC increased its stake in iShares Mortgage Real Estate ETF by 5.7% during the fourth quarter. Advyzon Investment Management LLC now owns 15,494 shares of the company’s stock worth $344,000 after acquiring an additional 841 shares during the last quarter.

iShares Mortgage Real Estate ETF Company Profile

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.