Short Interest in SPDR Dow Jones REIT ETF (NYSEARCA:RWR) Grows By 58.6%

SPDR Dow Jones REIT ETF (NYSEARCA:RWR) was the target of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 957,917 shares, a growth of 58.6% from the February 12th total of 603,822 shares. Currently, 5.8% of the shares of the stock are sold short. Based on an average trading volume of 405,664 shares, the short-interest ratio is currently 2.4 days. Based on an average trading volume of 405,664 shares, the short-interest ratio is currently 2.4 days. Currently, 5.8% of the shares of the stock are sold short.

SPDR Dow Jones REIT ETF Price Performance

NYSEARCA:RWR traded down $0.27 during trading hours on Friday, hitting $104.25. The stock had a trading volume of 137,157 shares, compared to its average volume of 350,146. The company has a 50 day simple moving average of $103.59 and a two-hundred day simple moving average of $101.06. SPDR Dow Jones REIT ETF has a one year low of $83.14 and a one year high of $109.24. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 36.49 and a beta of 1.05.

Institutional Investors Weigh In On SPDR Dow Jones REIT ETF

Several large investors have recently added to or reduced their stakes in the business. Millennium Management LLC grew its position 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 buying an additional 158,152 shares in the last quarter. St. Clair Advisors LLC bought a new stake in shares of SPDR Dow Jones REIT ETF during the 4th quarter valued at about $12,697,000. LPL Financial LLC grew its holdings in shares of SPDR Dow Jones REIT ETF by 37.8% during the fourth quarter. LPL Financial LLC now owns 439,980 shares of the company’s stock worth $43,219,000 after purchasing an additional 120,601 shares in the last quarter. Capital Advisors Inc. OK purchased a new position in shares of SPDR Dow Jones REIT ETF during the third quarter worth about $11,865,000. Finally, JPMorgan Chase & Co. increased its position in shares of SPDR Dow Jones REIT ETF by 20.8% in the second quarter. JPMorgan Chase & Co. now owns 679,746 shares of the company’s stock worth $65,555,000 after purchasing an additional 116,979 shares during the last quarter.

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.