SPDR Dow Jones REIT ETF (NYSEARCA:RWR) Short Interest Update

SPDR Dow Jones REIT ETF (NYSEARCA:RWR) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 470,676 shares, a decline of 41.2% from the May 14th total of 801,039 shares. Based on an average daily volume of 235,694 shares, the short-interest ratio is presently 2.0 days. Approximately 2.9% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Cornerstone Wealth LLC TN bought a new position in shares of SPDR Dow Jones REIT ETF in the first quarter worth $234,000. Royal Bank of Canada grew its stake in shares of SPDR Dow Jones REIT ETF by 18.0% in the first quarter. Royal Bank of Canada now owns 58,325 shares of the company’s stock worth $5,890,000 after purchasing an additional 8,897 shares in the last quarter. Wealthspire Retirement LLC grew its stake in shares of SPDR Dow Jones REIT ETF by 9.8% in the first quarter. Wealthspire Retirement LLC now owns 41,762 shares of the company’s stock worth $4,217,000 after purchasing an additional 3,736 shares in the last quarter. CacheTech Inc. grew its stake in shares of SPDR Dow Jones REIT ETF by 2.4% in the first quarter. CacheTech Inc. now owns 37,490 shares of the company’s stock worth $3,785,000 after purchasing an additional 864 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC bought a new position in shares of SPDR Dow Jones REIT ETF in the first quarter worth $99,000.

SPDR Dow Jones REIT ETF Price Performance

Shares of RWR stock traded up $0.14 on Tuesday, hitting $113.13. 166,602 shares of the stock traded hands, compared to its average volume of 336,903. The company has a market capitalization of $1.85 billion, a PE ratio of 36.49 and a beta of 0.98. SPDR Dow Jones REIT ETF has a 1-year low of $94.44 and a 1-year high of $114.38. The company’s fifty day moving average is $109.34 and its 200 day moving average is $104.63.

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.