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 decline in short interest in February. As of February 27th, there was short interest totaling 61,088 shares, a decline of 19.6% from the February 12th total of 76,024 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily volume of 56,123 shares, the short-interest ratio is currently 1.1 days. Based on an average daily volume of 56,123 shares, the short-interest ratio is currently 1.1 days. Approximately 0.7% of the shares of the stock are sold short.

iShares Residential and Multisector Real Estate ETF Trading Down 0.0%

Shares of NYSEARCA:REZ traded down $0.04 on Friday, reaching $87.18. 23,845 shares of the company were exchanged, compared to its average volume of 70,783. The company has a 50-day moving average of $86.43 and a 200-day moving average of $84.79. The firm has a market cap of $815.13 million, a price-to-earnings ratio of 43.88 and a beta of 0.89. iShares Residential and Multisector Real Estate ETF has a 1-year low of $73.23 and a 1-year high of $90.55.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Kendall Capital Management lifted its position in shares of iShares Residential and Multisector Real Estate ETF by 1.4% during the 3rd quarter. Kendall Capital Management now owns 10,829 shares of the company’s stock valued at $920,000 after acquiring an additional 146 shares during the period. Monetary Solutions Ltd purchased a new position in iShares Residential and Multisector Real Estate ETF in the 4th quarter valued at approximately $26,000. Sound Income Strategies LLC increased its stake in iShares Residential and Multisector Real Estate ETF by 19.3% in the 4th quarter. Sound Income Strategies LLC now owns 2,331 shares of the company’s stock valued at $201,000 after purchasing an additional 377 shares in the last quarter. Jones Financial Companies Lllp raised 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 worth $563,000 after purchasing an additional 874 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV raised its holdings in iShares Residential and Multisector Real Estate ETF by 7.3% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 14,702 shares of the company’s stock worth $1,215,000 after purchasing an additional 996 shares during the last quarter.

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.