Short Interest in iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Grows By 236.2%

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 65,043 shares, a growth 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. Currently, 0.7% of the company’s shares are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Monetary Solutions Ltd purchased a new position in iShares Residential and Multisector Real Estate ETF in the 4th quarter valued at approximately $26,000. Main Street Group LTD purchased a new stake in shares of iShares Residential and Multisector Real Estate ETF during the first quarter worth $85,000. Creative Financial Designs Inc. ADV raised its stake in shares of iShares Residential and Multisector Real Estate ETF by 7.3% in the fourth 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 in the last quarter. JPMorgan Chase & Co. raised its stake in shares of iShares Residential and Multisector Real Estate ETF by 570.3% in the third 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 in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in 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 purchasing an additional 23,895 shares during the period.

iShares Residential and Multisector Real Estate ETF Trading Up 0.1%

REZ traded up $0.08 during mid-day trading on Friday, hitting $92.08. 19,330 shares of the stock were exchanged, compared to its average volume of 51,023. The firm’s fifty day moving average is $95.66 and its two-hundred day moving average is $91.45. iShares Residential and Multisector Real Estate ETF has a 1-year low of $80.86 and a 1-year high of $100.43. The company has a market cap of $837.93 million, a PE ratio of 43.88 and a beta of 0.82.

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.