iShares Select U.S. REIT ETF (BATS:ICF – Get Free Report) saw a large increase in short interest in October. As of October 30th, there was short interest totaling 358,394 shares, an increase of 102.6% from the October 15th total of 176,859 shares. Approximately 1.1% of the company’s stock are sold short. Based on an average daily volume of 488,229 shares, the short-interest ratio is presently 0.7 days.
iShares Select U.S. REIT ETF Price Performance
ICF stock traded down $0.02 during trading on Friday, hitting $68.46. 87,085 shares of the stock traded hands, compared to its average volume of 177,063. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 32.00 and a beta of 0.94. The firm’s 50 day moving average is $65.41 and its two-hundred day moving average is $66.26. iShares Select U.S. REIT ETF has a 1 year low of $58.91 and a 1 year high of $71.01.
Institutional Investors Weigh In On iShares Select U.S. REIT ETF
Several large investors have recently bought and sold shares of ICF. Bank of America Corp DE raised its stake in iShares Select U.S. REIT ETF by 0.7% during the 1st quarter. Bank of America Corp DE now owns 773,812 shares of the company’s stock valued at $47,891,000 after buying an additional 5,641 shares during the last quarter. Royal Bank of Canada raised its holdings in iShares Select U.S. REIT ETF by 7.6% during the first quarter. Royal Bank of Canada now owns 556,029 shares of the company’s stock valued at $34,412,000 after acquiring an additional 39,317 shares during the period. AMG National Trust Bank bought a new stake in iShares Select U.S. REIT ETF during the 3rd quarter valued at approximately $23,544,000. Bank of New York Mellon Corp raised its position in shares of iShares Select U.S. REIT ETF by 27.2% during the first quarter. Bank of New York Mellon Corp now owns 366,811 shares of the company’s stock valued at $22,702,000 after buying an additional 78,486 shares during the last quarter. Finally, Keybank National Association OH purchased a new stake in iShares Select U.S. REIT ETF in the 3rd quarter worth $20,509,000.
About iShares Select U.S. REIT ETF
iShares Cohen & Steers REIT ETF (the Fund), formerly iShares Cohen & Steers Realty Majors Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the Cohen & Steers Realty Majors Index (the Index). The Index consists of selected real estate investment trusts (REITs). The objective of the Index is to represent relatively large and liquid REITs that may benefit from consolidation and securitization of the United States real estate industry.
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