Short Interest in iShares Select U.S. REIT ETF (BATS:ICF) Drops By 46.8%

iShares Select U.S. REIT ETF (BATS:ICF) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 167,841 shares, a decrease of 46.8% from the May 31st total of 315,371 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 150,898 shares, the short-interest ratio is currently 1.1 days.

iShares Select U.S. REIT ETF Price Performance

Shares of BATS:ICF opened at $68.96 on Tuesday. iShares Select U.S. REIT ETF has a 1 year low of $58.91 and a 1 year high of $69.78. The company has a market cap of $2.18 billion, a PE ratio of 35.35 and a beta of 0.97. The stock’s 50-day moving average is $67.74 and its 200 day moving average is $64.29.

Institutional Investors Weigh In On iShares Select U.S. REIT ETF

A number of large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its stake in shares of iShares Select U.S. REIT ETF by 36.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,484,144 shares of the company’s stock valued at $88,559,000 after buying an additional 399,193 shares during the period. Keybank National Association OH lifted its stake in iShares Select U.S. REIT ETF by 36.6% in the fourth quarter. Keybank National Association OH now owns 320,641 shares of the company’s stock worth $19,133,000 after acquiring an additional 85,833 shares during the period. Bank of New York Mellon Corp boosted its holdings in iShares Select U.S. REIT ETF by 27.2% in the first quarter. Bank of New York Mellon Corp now owns 366,811 shares of the company’s stock valued at $22,702,000 after acquiring an additional 78,486 shares in the last quarter. Modern Wealth Management LLC bought a new stake in iShares Select U.S. REIT ETF in the second quarter valued at $4,301,000. Finally, Innova Wealth Partners increased its position in iShares Select U.S. REIT ETF by 1,084.8% during the 1st quarter. Innova Wealth Partners now owns 73,824 shares of the company’s stock valued at $4,569,000 after purchasing an additional 67,593 shares during the period.

iShares Select U.S. REIT ETF Company Profile

iShares Cohen & Steers REIT ETF (the Fund), formerly iShares Cohen & Steers Realty Majors Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the Cohen & Steers Realty Majors Index (the Index). The Index consists of selected real estate investment trusts (REITs). The objective of the Index is to represent relatively large and liquid REITs that may benefit from consolidation and securitization of the United States real estate industry.