iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Stock Short Interest Drops 45.8%

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totaling 25,025 shares, a decline of 45.8% from the September 30th total of 46,188 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 171,740 shares, the days-to-cover ratio is currently 0.1 days.

iShares Residential and Multisector Real Estate ETF Stock Up 0.7%

REZ traded up $0.59 during trading on Friday, hitting $90.91. The company’s stock had a trading volume of 101,896 shares, compared to its average volume of 62,684. The firm has a market capitalization of $790.92 million, a P/E ratio of 43.88 and a beta of 0.82. iShares Residential and Multisector Real Estate ETF has a twelve month low of $80.97 and a twelve month high of $100.43. The stock’s fifty day moving average price is $90.87 and its 200-day moving average price is $90.32.

Institutional Trading of iShares Residential and Multisector Real Estate ETF

Several hedge funds have recently modified their holdings of the stock. Main Street Group LTD acquired a new position in shares of iShares Residential and Multisector Real Estate ETF during the 1st quarter valued at $85,000. RVW Wealth LLC bought a new position in iShares Residential and Multisector Real Estate ETF during the third quarter worth $285,000. Farther Finance Advisors LLC bought a new position in iShares Residential and Multisector Real Estate ETF during the third quarter worth $511,000. Lederer & Associates Investment Counsel CA acquired a new stake in iShares Residential and Multisector Real Estate ETF in the third quarter worth $610,000. Finally, CX Institutional acquired a new stake in iShares Residential and Multisector Real Estate ETF in the third quarter worth $1,110,000.

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.