SPDR Dow Jones REIT ETF (NYSEARCA:RWR) Sees Large Decrease in Short Interest

SPDR Dow Jones REIT ETF (NYSEARCA:RWR) saw a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 470,676 shares, a decrease of 41.2% from the May 14th total of 801,039 shares. Approximately 2.9% of the company’s stock are short sold. Based on an average daily trading volume, of 235,694 shares, the days-to-cover ratio is currently 2.0 days.

SPDR Dow Jones REIT ETF Trading Up 0.1%

SPDR Dow Jones REIT ETF stock opened at $113.13 on Wednesday. The stock has a market cap of $1.85 billion, a P/E ratio of 36.49 and a beta of 0.98. The stock has a 50 day moving average of $109.34 and a 200-day moving average of $104.63. SPDR Dow Jones REIT ETF has a 52 week low of $94.44 and a 52 week high of $114.38.

Hedge Funds Weigh In On SPDR Dow Jones REIT ETF

Several large investors have recently added to or reduced their stakes in RWR. Millennium Management LLC lifted its stake in SPDR Dow Jones REIT ETF by 68.9% during the third quarter. Millennium Management LLC now owns 387,748 shares of the company’s stock worth $38,887,000 after purchasing an additional 158,152 shares during the last quarter. St. Clair Advisors LLC acquired a new stake in SPDR Dow Jones REIT ETF in the fourth quarter worth $12,697,000. LPL Financial LLC increased its position in SPDR Dow Jones REIT ETF by 37.8% in the fourth quarter. LPL Financial LLC now owns 439,980 shares of the company’s stock worth $43,219,000 after buying an additional 120,601 shares during the period. Charles Schwab Investment Management Inc. increased its position in SPDR Dow Jones REIT ETF by 5.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,203,285 shares of the company’s stock worth $216,429,000 after buying an additional 110,318 shares during the period. Finally, Vestmark Advisory Solutions Inc. acquired a new stake in SPDR Dow Jones REIT ETF in the third quarter worth $2,972,000.

About SPDR Dow Jones REIT ETF

SPDR Dj Wilshire Reit ETF (the Fund), formerly SPDR Dow Jones REIT ETF, seeks to match the returns and characteristics of the Dow Jones U.S. Select REIT Index. The Dow Jones U.S. Select REIT Index consists of companies whose charters are the equity ownership and operation of commercial real estate and which operate under the REIT Act of 1960. Each REIT in the REIT Index is weighted by its float-adjusted market capitalization. That is, each security is weighted to reflect the attainable market performance of the security, which reflects that portion of securities shares that are accessible to investors.