SPDR Dow Jones REIT ETF (NYSEARCA:RWR – Get Free Report) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 348,341 shares, a decrease of 35.9% from the August 15th total of 543,147 shares. Based on an average daily volume of 186,804 shares, the short-interest ratio is presently 1.9 days. Currently, 2.0% of the company’s stock are sold short.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in RWR. Integrated Wealth Concepts LLC acquired a new stake in SPDR Dow Jones REIT ETF in the 2nd quarter valued at about $354,000. NewEdge Advisors LLC grew its holdings in shares of SPDR Dow Jones REIT ETF by 69.5% during the second quarter. NewEdge Advisors LLC now owns 12,213 shares of the company’s stock worth $1,380,000 after buying an additional 5,009 shares in the last quarter. Baird Financial Group Inc. raised its holdings in SPDR Dow Jones REIT ETF by 30.3% in the 2nd quarter. Baird Financial Group Inc. now owns 6,174 shares of the company’s stock valued at $697,000 after acquiring an additional 1,437 shares during the last quarter. Corient Private Wealth LP increased its stake in SPDR Dow Jones REIT ETF by 34.5% in the second quarter. Corient Private Wealth LP now owns 6,638 shares of the company’s stock valued at $750,000 after purchasing an additional 1,703 shares during the last quarter. Finally, Affinity Wealth LLC grew its holdings in SPDR Dow Jones REIT ETF by 3.0% in the second quarter. Affinity Wealth LLC now owns 91,986 shares of the company’s stock valued at $10,392,000 after purchasing an additional 2,653 shares during the period.
SPDR Dow Jones REIT ETF Trading Down 0.6%
RWR traded down $0.63 on Friday, hitting $108.29. The company had a trading volume of 45,319 shares, compared to its average volume of 316,750. The firm has a market cap of $1.86 billion, a P/E ratio of 36.49 and a beta of 0.96. The company’s fifty day moving average price is $114.02 and its 200 day moving average price is $110.43. SPDR Dow Jones REIT ETF has a 1 year low of $96.66 and a 1 year high of $119.65.
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.
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