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

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) saw a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 9,736 shares, a decrease of 85.0% from the August 31st total of 65,043 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 55,051 shares, the days-to-cover ratio is presently 0.2 days.

iShares Residential and Multisector Real Estate ETF Stock Performance

iShares Residential and Multisector Real Estate ETF stock traded down $0.27 during midday trading on Friday, reaching $88.83. 3,417 shares of the company’s stock were exchanged, compared to its average volume of 50,945. iShares Residential and Multisector Real Estate ETF has a 52 week low of $80.86 and a 52 week high of $100.43. The firm has a market cap of $799.43 million, a price-to-earnings ratio of 43.88 and a beta of 0.82. The stock’s 50-day simple moving average is $94.65 and its 200 day simple moving average is $91.53.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in REZ. Cornerstone Planning Group LLC grew its holdings in shares of iShares Residential and Multisector Real Estate ETF by 15.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 200,966 shares of the company’s stock worth $18,057,000 after purchasing an additional 26,185 shares in the last quarter. Main Street Group LTD acquired a new position in iShares Residential and Multisector Real Estate ETF in the first quarter valued at about $85,000. Finally, Monetary Solutions Ltd bought a new stake in iShares Residential and Multisector Real Estate ETF during the fourth quarter worth about $26,000.

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.