iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Short Interest Up 124.6% in July

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 35,787 shares, a growth of 124.6% from the June 30th total of 15,932 shares. Based on an average daily volume of 40,614 shares, the short-interest ratio is currently 0.9 days. Approximately 0.4% of the shares of the company are sold short.

iShares Residential and Multisector Real Estate ETF Stock Down 0.1%

REZ traded down $0.06 during midday trading on Wednesday, reaching $98.99. The company had a trading volume of 48,914 shares, compared to its average volume of 49,688. The business has a 50-day moving average of $93.72 and a two-hundred day moving average of $89.44. The company has a market cap of $910.71 million, a P/E ratio of 43.88 and a beta of 0.83. iShares Residential and Multisector Real Estate ETF has a 1 year low of $80.45 and a 1 year high of $100.43.

Institutional Trading of iShares Residential and Multisector Real Estate ETF

Several institutional investors and hedge funds have recently modified their holdings of REZ. Monetary Solutions Ltd purchased a new stake in iShares Residential and Multisector Real Estate ETF in the 4th quarter worth $26,000. Sound Income Strategies LLC lifted its holdings 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 worth $201,000 after purchasing an additional 377 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its stake in iShares Residential and Multisector Real Estate ETF by 7.3% in the 4th 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 period. Main Street Group LTD purchased a new stake in iShares Residential and Multisector Real Estate ETF during the 1st quarter valued at approximately $85,000. Finally, Kendall Capital Management raised its position in shares of iShares Residential and Multisector Real Estate ETF by 9.6% during the fourth quarter. Kendall Capital Management now owns 11,873 shares of the company’s stock valued at $981,000 after buying an additional 1,044 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.