SPDR Dow Jones REIT ETF (NYSEARCA:RWR) Sees Significant Decrease in Short Interest
by Amy Steele · The Cerbat GemSPDR Dow Jones REIT ETF (NYSEARCA:RWR – Get Free Report) was the target of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 470,676 shares, a drop of 41.2% from the May 14th total of 801,039 shares. Approximately 2.9% of the shares of the company are sold short. Based on an average daily volume of 235,694 shares, the days-to-cover ratio is currently 2.0 days.
Institutional Investors Weigh In On SPDR Dow Jones REIT ETF
A number of institutional investors have recently added to or reduced their stakes in RWR. Clayton Financial Group LLC acquired a new stake in SPDR Dow Jones REIT ETF in the 4th quarter valued at $27,000. Larson Financial Group LLC grew its stake in SPDR Dow Jones REIT ETF by 153.4% in the 3rd quarter. Larson Financial Group LLC now owns 294 shares of the company’s stock valued at $30,000 after acquiring an additional 178 shares during the period. CWM LLC grew its stake in SPDR Dow Jones REIT ETF by 119.7% in the 4th quarter. CWM LLC now owns 323 shares of the company’s stock valued at $32,000 after acquiring an additional 176 shares during the period. Atlas Capital Advisors Inc. acquired a new stake in SPDR Dow Jones REIT ETF in the 4th quarter valued at $42,000. Finally, Laurel Wealth Advisors LLC acquired a new stake in SPDR Dow Jones REIT ETF in the 4th quarter valued at $44,000.
SPDR Dow Jones REIT ETF Stock Down 0.8%
Shares of NYSEARCA RWR traded down $0.91 during midday trading on Monday, reaching $112.99. 312,619 shares of the stock were exchanged, compared to its average volume of 338,410. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 36.49 and a beta of 0.98. SPDR Dow Jones REIT ETF has a twelve month low of $94.44 and a twelve month high of $114.38. The firm has a 50-day simple moving average of $109.13 and a two-hundred day simple moving average of $104.55.
About SPDR Dow Jones REIT ETF
SPDR Dj Wilshire Reit ETF (the Fund), formerly SPDR Dow Jones REIT ETF, seeks to match the returns and characteristics of the Dow Jones U.S. Select REIT Index. The Dow Jones U.S. Select REIT Index consists of companies whose charters are the equity ownership and operation of commercial real estate and which operate under the REIT Act of 1960. Each REIT in the REIT Index is weighted by its float-adjusted market capitalization. That is, each security is weighted to reflect the attainable market performance of the security, which reflects that portion of securities shares that are accessible to investors.