iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Stock Short Interest Drops 45.8%

by · The Cerbat Gem

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ – Get Free Report) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 25,025 shares, a drop of 45.8% from the September 30th total of 46,188 shares. Based on an average daily trading volume, of 171,740 shares, the short-interest ratio is presently 0.1 days. Currently, 0.3% of the company’s shares are sold short.

iShares Residential and Multisector Real Estate ETF Trading Up 0.7%

REZ traded up $0.59 during trading on Friday, reaching $90.91. 101,896 shares of the company’s stock were exchanged, compared to its average volume of 62,684. iShares Residential and Multisector Real Estate ETF has a one year low of $80.97 and a one year high of $100.43. The stock has a market capitalization of $790.92 million, a PE ratio of 43.88 and a beta of 0.82. The firm has a fifty day moving average price of $90.87 and a two-hundred day moving average price of $90.32.

Institutional Trading of iShares Residential and Multisector Real Estate ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Franklin Parlapiano Turner & Welch LLC bought a new position in iShares Residential and Multisector Real Estate ETF during the third quarter worth $41,397,000. Cornerstone Planning Group LLC lifted its holdings in iShares Residential and Multisector Real Estate ETF by 15.0% in the first quarter. Cornerstone Planning Group LLC now owns 200,966 shares of the company’s stock valued at $18,057,000 after buying an additional 26,185 shares during the period. Kendall Capital Management acquired a new position in iShares Residential and Multisector Real Estate ETF in the third quarter valued at $1,373,000. Burns Matteson Capital Management LLC acquired a new position in iShares Residential and Multisector Real Estate ETF in the third quarter valued at $1,285,000. Finally, Congress Asset Management Co. bought a new stake in iShares Residential and Multisector Real Estate ETF during the third quarter valued at $1,204,000.

About iShares Residential and Multisector Real Estate ETF

(Get Free Report)

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.

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