iShares Mortgage Real Estate ETF (BATS:REM – Get Free Report) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totaling 905,814 shares, a growth of 163.9% from the August 31st total of 343,202 shares. Currently, 3.5% of the company’s stock are sold short. Based on an average daily volume of 555,222 shares, the short-interest ratio is currently 1.6 days.
iShares Mortgage Real Estate ETF Stock Down 1.1%
REM stock opened at $18.69 on Tuesday. iShares Mortgage Real Estate ETF has a twelve month low of $18.55 and a twelve month high of $24.05. The stock’s 50 day moving average is $21.28 and its 200-day moving average is $21.71. The firm has a market capitalization of $482.20 million, a PE ratio of 14.69 and a beta of 1.33.
Institutional Investors Weigh In On iShares Mortgage Real Estate ETF
Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp purchased a new stake in shares of iShares Mortgage Real Estate ETF in the first quarter valued at about $12,703,000. Bank of America Corp DE boosted its holdings in iShares Mortgage Real Estate ETF by 6.2% during the first quarter. Bank of America Corp DE now owns 584,319 shares of the company’s stock worth $12,545,000 after purchasing an additional 34,299 shares during the last quarter. AdvisorNet Financial Inc boosted its holdings in iShares Mortgage Real Estate ETF by 2.3% during the first quarter. AdvisorNet Financial Inc now owns 288,470 shares of the company’s stock worth $6,193,000 after purchasing an additional 6,577 shares during the last quarter. Balefire LLC grew its position in iShares Mortgage Real Estate ETF by 0.3% in the 1st quarter. Balefire LLC now owns 208,793 shares of the company’s stock worth $4,483,000 after purchasing an additional 609 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in iShares Mortgage Real Estate ETF by 6.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 169,651 shares of the company’s stock worth $3,741,000 after purchasing an additional 10,907 shares in the last quarter.
About iShares Mortgage Real Estate ETF
The iShares Mortgage Real Estate Capped ETF (REM) is an exchange-traded fund that is based on the FTSE Nareit All Mortgage Capped index, a market-cap-weighted index of residential and commercial mortgage REITs. REM was launched on May 1, 2007 and is managed by BlackRock.
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