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

iShares Global REIT ETF (NYSEARCA:REET) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totaling 1,785,942 shares, a growth of 47.9% from the November 30th total of 1,207,618 shares. Based on an average trading volume of 2,826,607 shares, the days-to-cover ratio is currently 0.6 days. Approximately 1.1% of the company’s stock are short sold. Approximately 1.1% of the company’s stock are short sold. Based on an average trading volume of 2,826,607 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of REET. Chilton Capital Management LLC bought a new stake in iShares Global REIT ETF in the 2nd quarter worth about $28,000. Westfuller Advisors LLC purchased a new position in shares of iShares Global REIT ETF during the third quarter valued at approximately $58,000. CoreCap Advisors LLC lifted its position in iShares Global REIT ETF by 27,800.0% during the third quarter. CoreCap Advisors LLC now owns 2,511 shares of the company’s stock valued at $64,000 after purchasing an additional 2,502 shares during the period. United Financial Planning Group LLC bought a new stake in iShares Global REIT ETF in the 3rd quarter worth approximately $64,000. Finally, Promus Capital LLC purchased a new stake in iShares Global REIT ETF during the 2nd quarter valued at $68,000.

iShares Global REIT ETF Price Performance

REET stock traded up $0.01 during trading on Tuesday, hitting $25.11. 1,573,718 shares of the stock traded hands, compared to its average volume of 1,275,137. The stock has a market cap of $3.96 billion, a price-to-earnings ratio of 29.27 and a beta of 0.99. iShares Global REIT ETF has a 1 year low of $20.96 and a 1 year high of $26.07. The firm’s 50 day moving average is $25.24 and its two-hundred day moving average is $25.15.

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.