Short Interest in SPDR Dow Jones REIT ETF (NYSEARCA:RWR) Grows By 31.1%

SPDR Dow Jones REIT ETF (NYSEARCA:RWR) was the target of a large increase in short interest in March. As of March 31st, there was short interest totaling 287,714 shares, an increase of 31.1% from the March 15th total of 219,421 shares. Currently, 1.7% of the company’s stock are short sold. Based on an average daily trading volume, of 394,594 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Investors Weigh In On SPDR Dow Jones REIT ETF

Several large investors have recently made changes to their positions in the company. Corient Private Wealth LLC grew its stake in shares of SPDR Dow Jones REIT ETF by 16.9% in the 4th quarter. Corient Private Wealth LLC now owns 7,374 shares of the company’s stock valued at $726,000 after buying an additional 1,065 shares in the last quarter. Cambient Family Office LLC bought a new stake in shares of SPDR Dow Jones REIT ETF in the 4th quarter valued at approximately $503,000. WealthPoint Financial LLC bought a new stake in shares of SPDR Dow Jones REIT ETF in the 4th quarter valued at approximately $274,000. Mercer Global Advisors Inc. ADV grew its stake in shares of SPDR Dow Jones REIT ETF by 1.0% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 27,665 shares of the company’s stock valued at $2,718,000 after buying an additional 279 shares in the last quarter. Finally, Wealthspire Retirement LLC grew its stake in shares of SPDR Dow Jones REIT ETF by 26.9% in the 4th quarter. Wealthspire Retirement LLC now owns 38,026 shares of the company’s stock valued at $3,735,000 after buying an additional 8,050 shares in the last quarter.

SPDR Dow Jones REIT ETF Stock Performance

Shares of NYSEARCA RWR traded up $0.09 during trading hours on Wednesday, hitting $107.38. The stock had a trading volume of 284,052 shares, compared to its average volume of 353,243. The company has a market capitalization of $1.80 billion, a P/E ratio of 36.49 and a beta of 1.02. The firm’s 50-day moving average price is $104.78 and its two-hundred day moving average price is $101.54. SPDR Dow Jones REIT ETF has a 52 week low of $91.36 and a 52 week high of $109.24.

About SPDR Dow Jones REIT ETF

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.