iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Shares Shorted: Short Interest Down 45.8% in October

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) saw a large 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. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 171,740 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of iShares Residential and Multisector Real Estate ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Main Street Group LTD purchased a new position in shares of iShares Residential and Multisector Real Estate ETF during the 1st quarter worth $85,000. RVW Wealth LLC purchased a new stake in shares of iShares Residential and Multisector Real Estate ETF in the 3rd quarter worth $285,000. Farther Finance Advisors LLC purchased a new stake in shares of iShares Residential and Multisector Real Estate ETF in the 3rd quarter worth $511,000. Lederer & Associates Investment Counsel CA purchased a new stake in shares of iShares Residential and Multisector Real Estate ETF in the 3rd quarter worth $610,000. Finally, CX Institutional purchased a new position in iShares Residential and Multisector Real Estate ETF during the third quarter valued at $1,110,000.

iShares Residential and Multisector Real Estate ETF Price Performance

REZ stock traded up $0.59 during trading on Friday, hitting $90.91. 101,896 shares of the stock traded hands, compared to its average volume of 62,684. The stock has a market cap of $786.37 million, a price-to-earnings ratio of 43.88 and a beta of 0.82. iShares Residential and Multisector Real Estate ETF has a 1 year low of $80.97 and a 1 year high of $100.43. The firm’s 50 day moving average is $90.87 and its two-hundred day moving average is $90.32.

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.