Short Interest in iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Drops By 61.6%

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) saw a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 13,740 shares, a decline of 61.6% from the July 15th total of 35,787 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 38,766 shares, the short-interest ratio is presently 0.4 days.

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

Several hedge funds have recently added to or reduced their stakes in the stock. Cornerstone Planning Group LLC boosted its holdings in iShares Residential and Multisector Real Estate ETF by 15.0% during the first quarter. Cornerstone Planning Group LLC now owns 200,966 shares of the company’s stock worth $18,057,000 after buying an additional 26,185 shares during the last quarter. Ameriprise Financial Inc. increased its stake 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 acquiring an additional 2,136 shares during the last quarter. Van ECK Associates Corp increased its stake 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 acquiring an additional 4,928 shares during the last quarter. 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 acquiring an additional 14,217 shares during the period. Finally, Creative Financial Designs Inc. ADV raised its position in shares of iShares Residential and Multisector Real Estate ETF by 7.3% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 14,702 shares of the company’s stock valued at $1,215,000 after acquiring an additional 996 shares during the period.

iShares Residential and Multisector Real Estate ETF Stock Up 1.6%

NYSEARCA:REZ opened at $95.16 on Friday. 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 $865.96 million, a P/E ratio of 43.88 and a beta of 0.83. The stock’s fifty day simple moving average is $94.84 and its 200-day simple moving average is $90.27.

iShares Residential and Multisector Real Estate ETF Company Profile

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.