iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ – Get Free Report) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 35,787 shares, a growth of 124.6% from the June 30th total of 15,932 shares. Based on an average daily volume of 40,614 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.4% of the company’s shares are short sold.
iShares Residential and Multisector Real Estate ETF Stock Performance
Shares of iShares Residential and Multisector Real Estate ETF stock traded down $2.89 during trading hours on Thursday, hitting $96.10. The company’s stock had a trading volume of 47,022 shares, compared to its average volume of 49,670. iShares Residential and Multisector Real Estate ETF has a twelve month low of $80.45 and a twelve month high of $100.43. The firm has a fifty day moving average of $93.72 and a 200-day moving average of $89.44. The stock has a market cap of $884.12 million, a price-to-earnings ratio of 43.88 and a beta of 0.83.
Institutional Trading of iShares Residential and Multisector Real Estate ETF
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Cornerstone Planning Group LLC lifted its position in iShares Residential and Multisector Real Estate ETF by 15.0% in the first quarter. Cornerstone Planning Group LLC now owns 200,966 shares of the company’s stock valued at $18,057,000 after buying an additional 26,185 shares during the last quarter. Van ECK Associates Corp increased its position in shares of iShares Residential and Multisector Real Estate ETF by 21.6% during the third quarter. Van ECK Associates Corp now owns 134,348 shares of the company’s stock valued at $11,416,000 after acquiring an additional 23,895 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of iShares Residential and Multisector Real Estate ETF by 570.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 16,710 shares of the company’s stock valued at $1,420,000 after acquiring an additional 14,217 shares during the period. Farther Finance Advisors LLC purchased a new stake in shares of iShares Residential and Multisector Real Estate ETF in the 4th quarter valued at approximately $533,000. Finally, Franklin Parlapiano Turner & Welch LLC lifted its holdings in shares of iShares Residential and Multisector Real Estate ETF by 1.1% in the 4th quarter. Franklin Parlapiano Turner & Welch LLC now owns 474,430 shares of the company’s stock worth $40,996,000 after acquiring an additional 5,303 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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