iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ – Get Free Report) was the target of a significant 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. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 55,051 shares, the days-to-cover ratio is presently 0.2 days.
Hedge Funds Weigh In On iShares Residential and Multisector Real Estate ETF
Several institutional investors and hedge funds have recently modified their holdings of REZ. Monetary Solutions Ltd bought a new position in iShares Residential and Multisector Real Estate ETF in the 4th quarter worth about $26,000. Main Street Group LTD purchased a new position in iShares Residential and Multisector Real Estate ETF in the first quarter worth about $85,000. Finally, Cornerstone Planning Group LLC lifted its stake in shares of iShares Residential and Multisector Real Estate ETF by 15.0% in 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 in the last quarter.
iShares Residential and Multisector Real Estate ETF Stock Up 0.1%
Shares of REZ stock traded up $0.10 during trading hours on Friday, hitting $89.20. 40,823 shares of the company’s stock traded hands, compared to its average volume of 51,159. The stock’s fifty day simple moving average is $94.47 and its two-hundred day simple moving average is $91.51. iShares Residential and Multisector Real Estate ETF has a 12-month low of $80.86 and a 12-month high of $100.43. The stock has a market cap of $802.80 million, a price-to-earnings 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.
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