Short Interest in iShares Global REIT ETF (NYSEARCA:REET) Increases By 16.6%

iShares Global REIT ETF (NYSEARCA:REET) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 630,078 shares, a growth of 16.6% from the March 31st total of 540,512 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 2,926,689 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On iShares Global REIT ETF

Institutional investors have recently added to or reduced their stakes in the business. SHP Wealth Management purchased a new stake in iShares Global REIT ETF during the fourth quarter worth approximately $25,000. International Assets Investment Management LLC purchased a new stake in iShares Global REIT ETF during the fourth quarter worth approximately $26,000. Mascoma Wealth Management LLC purchased a new stake in iShares Global REIT ETF during the first quarter worth approximately $33,000. EFG International AG purchased a new stake in iShares Global REIT ETF during the fourth quarter worth approximately $50,000. Finally, Operose Advisors LLC lifted its stake in iShares Global REIT ETF by 211.1% during the fourth quarter. Operose Advisors LLC now owns 2,122 shares of the company’s stock worth $53,000 after purchasing an additional 1,440 shares during the last quarter.

iShares Global REIT ETF Stock Performance

Shares of REET traded down $0.05 during midday trading on Friday, hitting $27.27. The company had a trading volume of 1,818,763 shares, compared to its average volume of 1,959,002. The company’s 50-day simple moving average is $26.34 and its 200-day simple moving average is $25.78. The firm has a market capitalization of $4.78 billion, a P/E ratio of 29.27 and a beta of 0.94. iShares Global REIT ETF has a 1 year low of $23.98 and a 1 year high of $27.50.

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.