Short Interest in iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Drops By 61.6%

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 13,740 shares, a drop of 61.6% from the July 15th total of 35,787 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 38,766 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of iShares Residential and Multisector Real Estate ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Monetary Solutions Ltd acquired a new position in iShares Residential and Multisector Real Estate ETF during the 4th quarter valued at about $26,000. Main Street Group LTD acquired a new stake in shares of iShares Residential and Multisector Real Estate ETF during the 1st quarter worth approximately $85,000. Farther Finance Advisors LLC acquired a new stake in shares of iShares Residential and Multisector Real Estate ETF during the 4th quarter worth approximately $533,000. Lederer & Associates Investment Counsel CA raised its stake in shares of iShares Residential and Multisector Real Estate ETF by 190.7% during the fourth quarter. Lederer & Associates Investment Counsel CA now owns 6,905 shares of the company’s stock worth $571,000 after buying an additional 4,530 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV raised its stake in shares of iShares Residential and Multisector Real Estate ETF by 7.3% during the fourth 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 last quarter.

iShares Residential and Multisector Real Estate ETF Stock Performance

NYSEARCA REZ opened at $95.16 on Friday. The stock has a market capitalization of $865.96 million, a P/E ratio of 43.88 and a beta of 0.83. iShares Residential and Multisector Real Estate ETF has a 52 week low of $80.86 and a 52 week high of $100.43. The stock has a fifty day moving average of $94.84 and a 200-day moving average of $90.27.

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.