iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ – Get Free Report) was the target of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 15,932 shares, a drop of 68.1% from the June 15th total of 49,928 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 41,730 shares, the days-to-cover ratio is currently 0.4 days.
iShares Residential and Multisector Real Estate ETF Trading Up 1.1%
REZ traded up $1.00 during trading on Monday, reaching $96.00. 12,612 shares of the company’s stock were exchanged, compared to its average volume of 50,122. iShares Residential and Multisector Real Estate ETF has a one year low of $80.45 and a one year high of $98.64. The stock has a market capitalization of $888 million, a PE ratio of 43.88 and a beta of 0.83. The firm has a fifty day moving average price of $91.97 and a two-hundred day moving average price of $88.09.
Institutional Trading of iShares Residential and Multisector Real Estate ETF
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its position in iShares Residential and Multisector Real Estate ETF by 570.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 16,710 shares of the company’s stock worth $1,420,000 after purchasing an additional 14,217 shares during the last quarter. Farther Finance Advisors LLC bought a new stake in shares of iShares Residential and Multisector Real Estate ETF in the 4th quarter valued at about $533,000. Franklin Parlapiano Turner & Welch LLC increased its stake in shares of iShares Residential and Multisector Real Estate ETF by 1.1% in the fourth quarter. Franklin Parlapiano Turner & Welch LLC now owns 474,430 shares of the company’s stock valued at $40,996,000 after buying an additional 5,303 shares during the period. Sound Income Strategies LLC increased its stake in shares of iShares Residential and Multisector Real Estate ETF by 19.3% in the fourth quarter. Sound Income Strategies LLC now owns 2,331 shares of the company’s stock valued at $201,000 after buying an additional 377 shares during the period. Finally, Kendall Capital Management raised its position in shares of iShares Residential and Multisector Real Estate ETF by 9.6% during the fourth quarter. Kendall Capital Management now owns 11,873 shares of the company’s stock worth $981,000 after acquiring an additional 1,044 shares during the last quarter.
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.
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