iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Short Interest Update

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) was the recipient of a large drop in short interest in 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. Based on an average trading volume of 41,730 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the shares of the stock are sold short.

iShares Residential and Multisector Real Estate ETF Price Performance

NYSEARCA REZ remained flat at $95.00 during midday trading on Friday. The company’s stock had a trading volume of 31,167 shares, compared to its average volume of 50,430. The business has a fifty day moving average of $91.97 and a 200-day moving average of $88.05. The stock has a market cap of $878.75 million, a P/E ratio of 43.88 and a beta of 0.83. iShares Residential and Multisector Real Estate ETF has a 52-week low of $80.45 and a 52-week high of $98.64.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Franklin Parlapiano Turner & Welch LLC lifted its position in iShares Residential and Multisector Real Estate ETF by 1.1% during the fourth quarter. Franklin Parlapiano Turner & Welch LLC now owns 474,430 shares of the company’s stock worth $40,996,000 after purchasing an additional 5,303 shares during the period. Cornerstone Planning Group LLC increased its holdings in iShares Residential and Multisector Real Estate ETF by 15.0% in the 1st 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 period. Ameriprise Financial Inc. raised its position in shares of iShares Residential and Multisector Real Estate ETF by 1.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 156,623 shares of the company’s stock valued at $13,312,000 after buying an additional 2,136 shares in the last quarter. Van ECK Associates Corp raised its position in shares of iShares Residential and Multisector Real Estate ETF by 3.7% in the 4th quarter. Van ECK Associates Corp now owns 139,276 shares of the company’s stock valued at $11,510,000 after buying an additional 4,928 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position 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 buying an additional 14,217 shares in the last quarter.

About iShares Residential and Multisector Real Estate ETF

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.