iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Sees Large Increase in Short Interest

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

iShares Residential and Multisector Real Estate ETF Price Performance

Shares of NYSEARCA:REZ traded up $0.08 during midday trading on Friday, reaching $92.08. 19,330 shares of the company’s stock were exchanged, compared to its average volume of 51,023. The stock has a market cap of $837.93 million, a price-to-earnings ratio of 43.88 and a beta of 0.82. 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 50 day simple moving average is $95.66 and its two-hundred day simple moving average is $91.45.

Institutional Investors Weigh In On iShares Residential and Multisector Real Estate ETF

A number of institutional investors and hedge funds have recently made changes to their positions in REZ. Monetary Solutions Ltd acquired a new position in shares of iShares Residential and Multisector Real Estate ETF in the 4th quarter worth approximately $26,000. Creative Financial Designs Inc. ADV increased its holdings in iShares Residential and Multisector Real Estate ETF by 7.3% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 14,702 shares of the company’s stock valued at $1,215,000 after purchasing an additional 996 shares during the last quarter. Main Street Group LTD purchased a new stake in iShares Residential and Multisector Real Estate ETF in the first quarter valued at approximately $85,000. Ameriprise Financial Inc. raised its position in iShares Residential and Multisector Real Estate ETF by 1.4% in the third quarter. Ameriprise Financial Inc. now owns 156,623 shares of the company’s stock valued at $13,312,000 after purchasing an additional 2,136 shares during the period. Finally, Van ECK Associates Corp lifted its stake in iShares Residential and Multisector Real Estate ETF by 3.7% during the fourth quarter. Van ECK Associates Corp now owns 139,276 shares of the company’s stock worth $11,510,000 after purchasing an additional 4,928 shares in the last quarter.

About iShares Residential and Multisector Real Estate ETF

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.