REM Stock Summary and Trading Ideas (iShares Trust iShares Mortgage Real Estate ETF | BATS:REM)

The iShares Mortgage Real Estate ETF seeks to track the investment results of an index composed of U.S. REITs that hold U.S. residential and commercial mortgages. The Fund seeks to track the investment results of the FTSE Nareit All Mortgage Capped Index (the "Underlying Index"), which measures the performance of the residential and commercial mortgage real estate, mortgage finance and savings associations sectors of the U.S. equity market, as defined by FTSE International Limited (the "Index Provider" or "FTSE").

iShares Trust iShares Mortgage Real Estate ETF trades on the BATS stock market under the symbol REM.

As of May 10, 2024, REM stock price climbed to $22.77 with 169,123 million shares trading.

REM has a beta of 1.61, meaning it tends to be more sensitive to market movements. REM has a correlation of 0.58 to the broad based SPY ETF.

REM has a market cap of $613.65 million. This is considered a Small Cap stock.

In the last 3 years, REM stock traded as high as $39.23 and as low as $18.95.

REM has underperformed the market in the last year with a price return of +19.5% while the SPY ETF gained +27.8%. However, in the short term, REM had mixed performance relative to the market. It has outperformed in the last 3 months, returning +5.1% vs +4.2% return in SPY. But in the last 2 weeks, REM shares have been beat by the market, returning +2.3% compared to an SPY return of +2.5%.

REM support price is $22.47 and resistance is $23.03 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that REM stock will trade within this expected range on the day.