iShares Global REIT ETF (NYSEARCA:REET) Sees Significant Drop in Short Interest

iShares Global REIT ETF (NYSEARCA:REET) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 444,572 shares, a drop of 66.5% from the July 15th total of 1,325,953 shares. Based on an average daily volume of 3,110,728 shares, the short-interest ratio is currently 0.1 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Investors Weigh In On iShares Global REIT ETF

A number of large investors have recently added to or reduced their stakes in the company. Diversify Advisory Services LLC raised its stake in shares of iShares Global REIT ETF by 4.5% during the fourth quarter. Diversify Advisory Services LLC now owns 9,802 shares of the company’s stock valued at $254,000 after acquiring an additional 418 shares during the last quarter. MML Investors Services LLC grew its stake in shares of iShares Global REIT ETF by 1.3% in the second quarter. MML Investors Services LLC now owns 33,543 shares of the company’s stock worth $829,000 after purchasing an additional 431 shares during the last quarter. Upper Left Wealth Management LLC increased its holdings in iShares Global REIT ETF by 5.2% during the 1st quarter. Upper Left Wealth Management LLC now owns 9,509 shares of the company’s stock valued at $239,000 after purchasing an additional 470 shares during the period. Comerica Bank increased its holdings in iShares Global REIT ETF by 1.5% during the 3rd quarter. Comerica Bank now owns 34,498 shares of the company’s stock valued at $882,000 after purchasing an additional 503 shares during the period. Finally, Sumitomo Mitsui Financial Group Inc. raised its position in iShares Global REIT ETF by 0.5% during the 4th quarter. Sumitomo Mitsui Financial Group Inc. now owns 104,810 shares of the company’s stock valued at $2,615,000 after purchasing an additional 507 shares during the last quarter.

iShares Global REIT ETF Stock Performance

Shares of NYSEARCA REET traded up $0.05 during mid-day trading on Friday, hitting $28.14. The stock had a trading volume of 2,142,278 shares, compared to its average volume of 2,201,482. iShares Global REIT ETF has a 1 year low of $24.65 and a 1 year high of $29.06. The business has a 50 day moving average price of $27.97 and a two-hundred day moving average price of $27.05. The firm has a market cap of $5.09 billion, a P/E ratio of 29.27 and a beta of 0.92.

About iShares Global REIT ETF

The iShares Global REIT ETF (REET) is an exchange-traded fund that is based on the FTSE EPRA Nareit Global REITs index, a global, market-cap-weighted index of firms involved in the ownership and operation of real estate. REET was launched on Jul 8, 2014 and is managed by BlackRock.