iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Short Interest Update

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 35,787 shares, a growth of 124.6% from the June 30th total of 15,932 shares. Based on an average daily trading volume, of 40,614 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.4% of the company’s stock are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Monetary Solutions Ltd purchased a new position in iShares Residential and Multisector Real Estate ETF during the fourth quarter valued at $26,000. Sound Income Strategies LLC grew its stake in shares of 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 acquiring an additional 377 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its stake in iShares Residential and Multisector Real Estate ETF by 7.3% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 14,702 shares of the company’s stock worth $1,215,000 after purchasing an additional 996 shares in the last quarter. Main Street Group LTD bought a new position in iShares Residential and Multisector Real Estate ETF in the 1st quarter worth about $85,000. Finally, Kendall Capital Management grew its position in iShares Residential and Multisector Real Estate ETF by 9.6% during the 4th quarter. Kendall Capital Management now owns 11,873 shares of the company’s stock valued at $981,000 after purchasing an additional 1,044 shares during the last quarter.

iShares Residential and Multisector Real Estate ETF Stock Up 0.9%

Shares of NYSEARCA REZ traded up $0.85 on Tuesday, reaching $99.65. 9,431 shares of the company’s stock traded hands, compared to its average volume of 49,430. The business’s 50 day simple moving average is $93.42 and its two-hundred day simple moving average is $89.22. iShares Residential and Multisector Real Estate ETF has a 12 month low of $80.45 and a 12 month high of $100.43. The company has a market cap of $916.78 million, a price-to-earnings ratio of 43.88 and a beta of 0.83.

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.