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

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) was the recipient of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 9,736 shares, a decline of 85.0% from the August 31st total of 65,043 shares. Based on an average trading volume of 55,051 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are short sold.

Hedge Funds Weigh In On iShares Residential and Multisector Real Estate ETF

A number of hedge funds have recently made changes to their positions in the stock. Cornerstone Planning Group LLC boosted its holdings in iShares Residential and Multisector Real Estate ETF by 15.0% in the first quarter. Cornerstone Planning Group LLC now owns 200,966 shares of the company’s stock valued at $18,057,000 after acquiring an additional 26,185 shares during the last quarter. Main Street Group LTD bought a new position in iShares Residential and Multisector Real Estate ETF during the 1st quarter worth approximately $85,000. Finally, Monetary Solutions Ltd bought a new position in iShares Residential and Multisector Real Estate ETF during the 4th quarter worth approximately $26,000.

iShares Residential and Multisector Real Estate ETF Stock Down 0.3%

Shares of REZ stock traded down $0.27 during trading hours on Friday, hitting $88.83. 3,417 shares of the company’s stock traded hands, compared to its average volume of 50,945. The stock’s 50 day simple moving average is $94.65 and its 200 day simple moving average is $91.53. The stock has a market cap of $799.43 million, a PE ratio of 43.88 and a beta of 0.82. iShares Residential and Multisector Real Estate ETF has a 12 month low of $80.86 and a 12 month high of $100.43.

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.