SPDR Dow Jones REIT ETF (NYSEARCA:RWR) Sees Significant Decrease in Short Interest

SPDR Dow Jones REIT ETF (NYSEARCA:RWR) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 470,676 shares, a decrease of 41.2% from the May 14th total of 801,039 shares. Approximately 2.9% of the company’s stock are sold short. Based on an average daily trading volume, of 235,694 shares, the days-to-cover ratio is currently 2.0 days.

Institutional Trading of SPDR Dow Jones REIT ETF

Hedge funds have recently modified their holdings of the company. Vestmark Advisory Solutions Inc. purchased a new position in shares of SPDR Dow Jones REIT ETF in the 3rd quarter valued at approximately $2,972,000. St. Clair Advisors LLC purchased a new position in shares of SPDR Dow Jones REIT ETF in the 4th quarter valued at approximately $12,697,000. Elevation Point Wealth Partners LLC purchased a new position in shares of SPDR Dow Jones REIT ETF in the 3rd quarter valued at approximately $1,540,000. Wealthcare Advisory Partners LLC raised its position in shares of SPDR Dow Jones REIT ETF by 36.1% in the 3rd quarter. Wealthcare Advisory Partners LLC now owns 57,268 shares of the company’s stock valued at $5,743,000 after purchasing an additional 15,182 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of SPDR Dow Jones REIT ETF by 81.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,914 shares of the company’s stock valued at $1,182,000 after purchasing an additional 5,357 shares during the last quarter.

SPDR Dow Jones REIT ETF Price Performance

Shares of RWR stock traded down $0.91 during mid-day trading on Monday, hitting $112.99. 312,619 shares of the stock traded hands, compared to its average volume of 338,410. The stock has a market cap of $1.85 billion, a P/E ratio of 36.49 and a beta of 0.98. The stock’s fifty day moving average is $109.13 and its two-hundred day moving average is $104.55. SPDR Dow Jones REIT ETF has a 52-week low of $94.44 and a 52-week high of $114.38.

SPDR Dow Jones REIT ETF Company Profile

SPDR Dj Wilshire Reit ETF (the Fund), formerly SPDR Dow Jones REIT ETF, seeks to match the returns and characteristics of the Dow Jones U.S. Select REIT Index. The Dow Jones U.S. Select REIT Index consists of companies whose charters are the equity ownership and operation of commercial real estate and which operate under the REIT Act of 1960. Each REIT in the REIT Index is weighted by its float-adjusted market capitalization. That is, each security is weighted to reflect the attainable market performance of the security, which reflects that portion of securities shares that are accessible to investors.