Short Interest in iShares Mortgage Real Estate ETF (BATS:REM) Rises By 85.4%

iShares Mortgage Real Estate ETF (BATS:REM) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 847,103 shares, an increase of 85.4% from the July 15th total of 457,027 shares. Based on an average daily volume of 583,213 shares, the short-interest ratio is presently 1.5 days. Currently, 3.3% of the shares of the stock are sold short.

iShares Mortgage Real Estate ETF Price Performance

REM opened at $22.12 on Friday. The company has a market capitalization of $570.70 million, a price-to-earnings ratio of 14.69 and a beta of 1.33. iShares Mortgage Real Estate ETF has a 1-year low of $20.41 and a 1-year high of $24.05. The business has a 50 day moving average price of $21.84 and a two-hundred day moving average price of $22.11.

Institutional Trading of iShares Mortgage Real Estate ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE lifted its holdings in shares of iShares Mortgage Real Estate ETF by 6.2% in the first quarter. Bank of America Corp DE now owns 584,319 shares of the company’s stock valued at $12,545,000 after buying an additional 34,299 shares during the period. Ashton Thomas Securities LLC acquired a new position in iShares Mortgage Real Estate ETF during the first quarter worth about $43,000. Royal Bank of Canada grew its holdings in iShares Mortgage Real Estate ETF by 16.7% during the first quarter. Royal Bank of Canada now owns 114,396 shares of the company’s stock worth $2,456,000 after acquiring an additional 16,392 shares during the period. Quantinno Capital Management LP bought a new stake in iShares Mortgage Real Estate ETF in the first quarter worth about $214,000. Finally, Cetera Investment Advisers raised its position in iShares Mortgage Real Estate ETF by 46.3% in the first quarter. Cetera Investment Advisers now owns 114,911 shares of the company’s stock worth $2,467,000 after acquiring an additional 36,365 shares in the last quarter.

About iShares Mortgage Real Estate ETF

The iShares Mortgage Real Estate Capped ETF (REM) is an exchange-traded fund that is based on the FTSE Nareit All Mortgage Capped index, a market-cap-weighted index of residential and commercial mortgage REITs. REM was launched on May 1, 2007 and is managed by BlackRock.