Short Interest in iShares U.S. Real Estate ETF (NYSEARCA:IYR) Drops By 18.1%

iShares U.S. Real Estate ETF (NYSEARCA:IYR) was the recipient of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 8,507,202 shares, a decrease of 18.1% from the December 15th total of 10,390,452 shares. Approximately 18.6% of the shares of the company are short sold. Based on an average trading volume of 5,281,282 shares, the days-to-cover ratio is presently 1.6 days. Based on an average trading volume of 5,281,282 shares, the days-to-cover ratio is presently 1.6 days. Approximately 18.6% of the shares of the company are short sold.

iShares U.S. Real Estate ETF Price Performance

NYSEARCA IYR opened at $98.31 on Tuesday. iShares U.S. Real Estate ETF has a 1 year low of $81.53 and a 1 year high of $99.62. The company has a market capitalization of $4.33 billion, a PE ratio of 35.41 and a beta of 1.01. The company has a fifty day moving average of $94.95 and a 200 day moving average of $95.74.

Institutional Trading of iShares U.S. Real Estate ETF

A number of hedge funds have recently modified their holdings of IYR. Courage Miller Partners LLC increased its stake in shares of iShares U.S. Real Estate ETF by 5.7% during the second quarter. Courage Miller Partners LLC now owns 6,872 shares of the real estate investment trust’s stock worth $651,000 after purchasing an additional 373 shares in the last quarter. Encompass Wealth Advisors LLC lifted its stake in iShares U.S. Real Estate ETF by 7.4% in the 2nd quarter. Encompass Wealth Advisors LLC now owns 5,652 shares of the real estate investment trust’s stock valued at $536,000 after buying an additional 388 shares in the last quarter. D.A. Davidson & CO. boosted its holdings in iShares U.S. Real Estate ETF by 11.0% in the 2nd quarter. D.A. Davidson & CO. now owns 3,580 shares of the real estate investment trust’s stock worth $339,000 after buying an additional 355 shares during the last quarter. Truist Financial Corp boosted its holdings in iShares U.S. Real Estate ETF by 2.6% in the 2nd quarter. Truist Financial Corp now owns 47,432 shares of the real estate investment trust’s stock worth $4,495,000 after buying an additional 1,198 shares during the last quarter. Finally, AE Wealth Management LLC increased its stake in iShares U.S. Real Estate ETF by 2,773.6% during the 2nd quarter. AE Wealth Management LLC now owns 34,770 shares of the real estate investment trust’s stock worth $3,295,000 after buying an additional 33,560 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

iShares U.S. Real Estate ETF Company Profile

iShares U.S. Real Estate ETF, formerly iShares Dow Jones U.S. Real Estate Index Fund (the Fund), is a non-diversified fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Real Estate Index (the Index). The Index measures the performance of the real estate sector of the United States equity market, and includes companies in the industry groups, such as real estate holding and development and real estate investment trusts (REITs).