iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Sees Significant Increase in Short Interest

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 68,626 shares, an increase of 63.1% from the December 31st total of 42,076 shares. Based on an average daily trading volume, of 71,245 shares, the short-interest ratio is currently 1.0 days. Approximately 0.7% of the company’s shares are short sold. Approximately 0.7% of the company’s shares are short sold. Based on an average daily trading volume, of 71,245 shares, the short-interest ratio is currently 1.0 days.

iShares Residential and Multisector Real Estate ETF Stock Performance

NYSEARCA:REZ opened at $84.03 on Monday. iShares Residential and Multisector Real Estate ETF has a fifty-two week low of $73.23 and a fifty-two week high of $89.15. The firm has a market cap of $781.48 million, a PE ratio of 43.88 and a beta of 0.89. The business has a 50 day moving average price of $84.11 and a 200-day moving average price of $83.68.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Lederer & Associates Investment Counsel CA lifted its holdings in iShares Residential and Multisector Real Estate ETF by 190.7% in the fourth quarter. Lederer & Associates Investment Counsel CA now owns 6,905 shares of the company’s stock worth $571,000 after buying an additional 4,530 shares during the period. Farther Finance Advisors LLC bought a new stake in shares of iShares Residential and Multisector Real Estate ETF during the fourth quarter valued at approximately $533,000. Franklin Parlapiano Turner & Welch LLC grew its stake in iShares Residential and Multisector Real Estate ETF by 1.1% in the fourth quarter. Franklin Parlapiano Turner & Welch LLC now owns 474,430 shares of the company’s stock worth $40,996,000 after purchasing an additional 5,303 shares during the period. Sound Income Strategies LLC raised its holdings in iShares Residential and Multisector Real Estate ETF by 19.3% in the fourth quarter. Sound Income Strategies LLC now owns 2,331 shares of the company’s stock worth $201,000 after purchasing an additional 377 shares in the last quarter. Finally, Kendall Capital Management raised its holdings in iShares Residential and Multisector Real Estate ETF by 9.6% in the fourth quarter. Kendall Capital Management now owns 11,873 shares of the company’s stock worth $981,000 after purchasing an additional 1,044 shares in the last quarter.

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.