iShares Select U.S. REIT ETF (BATS:ICF) Sees Significant Growth in Short Interest

iShares Select U.S. REIT ETF (BATS:ICF) saw a large increase in short interest in April. As of April 30th, there was short interest totaling 199,975 shares, an increase of 75.9% from the April 15th total of 113,714 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average trading volume of 154,291 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Trading of iShares Select U.S. REIT ETF

A number of hedge funds have recently made changes to their positions in the stock. Quantinno Capital Management LP bought a new stake in shares of iShares Select U.S. REIT ETF in the 1st quarter worth approximately $313,000. Wealthspire Retirement LLC increased its position in iShares Select U.S. REIT ETF by 15.7% during the 1st quarter. Wealthspire Retirement LLC now owns 78,787 shares of the company’s stock valued at $4,876,000 after buying an additional 10,668 shares in the last quarter. Cornerstone Advisors Asset Management LLC raised its stake in iShares Select U.S. REIT ETF by 21.3% during the first quarter. Cornerstone Advisors Asset Management LLC now owns 63,720 shares of the company’s stock valued at $3,944,000 after buying an additional 11,186 shares during the last quarter. Dorsey Wright & Associates purchased a new position in iShares Select U.S. REIT ETF during the first quarter valued at $646,000. Finally, Bartlett & CO. Wealth Management LLC boosted its holdings in iShares Select U.S. REIT ETF by 7.1% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 8,940 shares of the company’s stock worth $602,000 after acquiring an additional 592 shares in the last quarter.

iShares Select U.S. REIT ETF Price Performance

Shares of BATS ICF opened at $66.07 on Monday. iShares Select U.S. REIT ETF has a 1 year low of $58.91 and a 1 year high of $68.45. The firm has a 50-day moving average of $64.96 and a 200 day moving average of $62.69. The stock has a market cap of $2.08 billion, a P/E ratio of 35.35 and a beta of 0.97.

About iShares Select U.S. REIT ETF

iShares Cohen & Steers REIT ETF (the Fund), formerly iShares Cohen & Steers Realty Majors Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the Cohen & Steers Realty Majors Index (the Index). The Index consists of selected real estate investment trusts (REITs). The objective of the Index is to represent relatively large and liquid REITs that may benefit from consolidation and securitization of the United States real estate industry.