iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Sees Significant Increase in Short Interest

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 65,043 shares, an increase of 236.2% from the August 15th total of 19,344 shares. Based on an average daily trading volume, of 63,261 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.7% of the shares of the company are sold short.

iShares Residential and Multisector Real Estate ETF Trading Up 0.1%

REZ stock traded up $0.08 during trading hours on Friday, hitting $92.08. 19,330 shares of the stock were exchanged, compared to its average volume of 51,023. iShares Residential and Multisector Real Estate ETF has a 12 month low of $80.86 and a 12 month high of $100.43. The firm has a market capitalization of $837.93 million, a P/E ratio of 43.88 and a beta of 0.82. The company has a 50-day simple moving average of $95.66 and a two-hundred day simple moving average of $91.45.

Hedge Funds Weigh In On iShares Residential and Multisector Real Estate ETF

Hedge funds have recently bought and sold shares of the business. Monetary Solutions Ltd acquired a new stake in iShares Residential and Multisector Real Estate ETF in the 4th quarter worth about $26,000. Main Street Group LTD acquired a new position in shares of iShares Residential and Multisector Real Estate ETF during the 1st quarter worth approximately $85,000. Creative Financial Designs Inc. ADV increased its holdings in shares of iShares Residential and Multisector Real Estate ETF by 7.3% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 14,702 shares of the company’s stock worth $1,215,000 after purchasing an additional 996 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of iShares Residential and Multisector Real Estate ETF by 570.3% during the third quarter. JPMorgan Chase & Co. now owns 16,710 shares of the company’s stock worth $1,420,000 after purchasing an additional 14,217 shares during the period. Finally, Van ECK Associates Corp raised its position in shares of iShares Residential and Multisector Real Estate ETF by 21.6% in the third quarter. Van ECK Associates Corp now owns 134,348 shares of the company’s stock valued at $11,416,000 after buying an additional 23,895 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.