iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Shares Shorted: Short Interest Down 85.0% in September

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) was the target of a large drop in short interest in September. As of September 15th, there was short interest totaling 9,736 shares, a drop 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 stock are short sold.

iShares Residential and Multisector Real Estate ETF Stock Up 0.1%

REZ stock traded up $0.10 during mid-day trading on Friday, reaching $89.20. 40,823 shares of the company traded hands, compared to its average volume of 51,159. The firm’s 50 day moving average price is $94.47 and its 200 day moving average price is $91.51. The stock has a market cap of $802.80 million, a price-to-earnings ratio of 43.88 and a beta of 0.82. iShares Residential and Multisector Real Estate ETF has a fifty-two week low of $80.86 and a fifty-two week high of $100.43.

Institutional Investors Weigh In On iShares Residential and Multisector Real Estate ETF

Institutional investors have recently bought and sold shares of the stock. Cornerstone Planning Group LLC lifted its stake in iShares Residential and Multisector Real Estate ETF by 15.0% during the 1st 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 in the last quarter. Main Street Group LTD bought a new stake in shares of iShares Residential and Multisector Real Estate ETF in the 1st quarter worth $85,000. Finally, Monetary Solutions Ltd purchased a new stake in shares of iShares Residential and Multisector Real Estate ETF in the fourth quarter valued at about $26,000.

iShares Residential and Multisector Real Estate ETF Company Profile

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.