The iShares Residential Real Estate Capped ETF (AMEX:REZ) is seeing unusually high volume in afternoon trading Thursday, with over 171,000 shares traded versus three month average volume of about 48,000. Shares of REZ were up about 0.3% on the day.
Components of that ETF with the highest volume on Thursday were BRE Properties (NYSE:BRE), trading up about 0.8% with over 2.2 million shares changing hands so far this session, and Equity Residential (NYSE:EQR), down about 0.5% on volume of over 1.1 million shares. Essex Property Trust (NYSE:ESS) is the component faring the best Thursday, higher by about 2% on the day, while Apartment Investment & Management (NYSE:AIV) is lagging other components of the iShares Residential Real Estate Capped ETF, trading lower by about 0.7%.
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