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

iShares Global REIT ETF (NYSEARCA:REET) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 914,641 shares, a decrease of 66.5% from the June 15th total of 2,727,338 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average trading volume of 2,584,226 shares, the days-to-cover ratio is presently 0.4 days.

iShares Global REIT ETF Stock Performance

Shares of NYSEARCA REET opened at $27.81 on Monday. iShares Global REIT ETF has a fifty-two week low of $24.28 and a fifty-two week high of $28.26. The firm has a market capitalization of $4.93 billion, a PE ratio of 29.27 and a beta of 0.92. The stock’s 50-day simple moving average is $27.44 and its 200-day simple moving average is $26.53.

Institutional Trading of iShares Global REIT ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fiduciary Financial Group LLC boosted its holdings in shares of iShares Global REIT ETF by 13.5% in the 2nd quarter. Fiduciary Financial Group LLC now owns 239,851 shares of the company’s stock valued at $6,625,000 after buying an additional 28,551 shares in the last quarter. Prosperity Planning Inc. acquired a new position in iShares Global REIT ETF in the second quarter valued at $201,000. Polianta Ltd grew its holdings in shares of iShares Global REIT ETF by 4.6% during the second quarter. Polianta Ltd now owns 4,427,000 shares of the company’s stock worth $122,273,000 after purchasing an additional 194,000 shares during the last quarter. 55 North Private Wealth LLC increased its position in shares of iShares Global REIT ETF by 12.7% during the second quarter. 55 North Private Wealth LLC now owns 77,981 shares of the company’s stock worth $2,154,000 after purchasing an additional 8,760 shares in the last quarter. Finally, CoreCap Advisors LLC lifted its holdings in shares of iShares Global REIT ETF by 14.4% in the 2nd quarter. CoreCap Advisors LLC now owns 4,867 shares of the company’s stock valued at $134,000 after purchasing an additional 612 shares during the last quarter.

iShares Global REIT ETF Company Profile

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.