iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Sees Significant Drop in Short Interest

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 40,826 shares, a drop of 64.4% from the November 30th total of 114,534 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 83,693 shares, the short-interest ratio is currently 0.5 days. Based on an average daily trading volume, of 83,693 shares, the short-interest ratio is currently 0.5 days. Approximately 0.4% of the company’s stock are short sold.

iShares Residential and Multisector Real Estate ETF Stock Performance

Shares of NYSEARCA REZ traded up $0.06 during mid-day trading on Friday, reaching $82.94. The company had a trading volume of 59,487 shares, compared to its average volume of 74,335. The stock has a market capitalization of $775.49 million, a PE ratio of 43.88 and a beta of 0.89. iShares Residential and Multisector Real Estate ETF has a twelve month low of $73.23 and a twelve month high of $89.15. The stock’s 50 day moving average is $84.13 and its 200-day moving average is $83.43.

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

Several large investors have recently made changes to their positions in the company. Main Street Group LTD grew its stake in iShares Residential and Multisector Real Estate ETF by 48.3% in the 2nd quarter. Main Street Group LTD now owns 1,020 shares of the company’s stock valued at $84,000 after buying an additional 332 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in iShares Residential and Multisector Real Estate ETF by 15.0% during the third quarter. Jones Financial Companies Lllp now owns 6,700 shares of the company’s stock valued at $563,000 after acquiring an additional 874 shares during the period. Kendall Capital Management grew its position in shares of iShares Residential and Multisector Real Estate ETF by 3.8% in the second quarter. Kendall Capital Management now owns 10,683 shares of the company’s stock valued at $880,000 after purchasing an additional 393 shares during the last quarter. Leavell Investment Management Inc. grew its position in shares of iShares Residential and Multisector Real Estate ETF by 97.0% in the second quarter. Leavell Investment Management Inc. now owns 12,384 shares of the company’s stock valued at $1,020,000 after purchasing an additional 6,097 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV increased its stake in shares of iShares Residential and Multisector Real Estate ETF by 19.3% in the second quarter. Creative Financial Designs Inc. ADV now owns 12,454 shares of the company’s stock worth $1,025,000 after purchasing an additional 2,017 shares during the period.

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.