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

iShares Global REIT ETF (NYSEARCA:REET) was the recipient of a large decrease in short interest in September. As of September 15th, there was short interest totaling 640,620 shares, a decrease of 48.8% from the August 31st total of 1,250,349 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 2,891,674 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On iShares Global REIT ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Polianta Ltd raised its position 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 period. Corient Private Wealth LLC increased its stake in iShares Global REIT ETF by 289.1% during the 4th quarter. Corient Private Wealth LLC now owns 331,374 shares of the company’s stock valued at $8,268,000 after purchasing an additional 246,215 shares in the last quarter. Fiduciary Financial Group LLC increased its stake in iShares Global REIT ETF by 13.5% during the 2nd quarter. Fiduciary Financial Group LLC now owns 239,851 shares of the company’s stock valued at $6,625,000 after purchasing an additional 28,551 shares in the last quarter. Greenspring Advisors LLC raised its holdings in iShares Global REIT ETF by 184.8% during the fourth quarter. Greenspring Advisors LLC now owns 131,407 shares of the company’s stock worth $3,279,000 after buying an additional 85,273 shares during the last quarter. Finally, Morton Brown Family Wealth LLC raised its holdings in iShares Global REIT ETF by 4.1% during the first quarter. Morton Brown Family Wealth LLC now owns 491,027 shares of the company’s stock worth $12,349,000 after buying an additional 19,487 shares during the last quarter.

iShares Global REIT ETF Stock Performance

Shares of REET stock traded down $0.20 during trading hours on Wednesday, hitting $25.78. 4,116,785 shares of the company were exchanged, compared to its average volume of 2,339,586. iShares Global REIT ETF has a fifty-two week low of $24.65 and a fifty-two week high of $29.06. The company has a 50 day simple moving average of $27.57 and a two-hundred day simple moving average of $27.20. The firm has a market cap of $4.64 billion, a P/E ratio of 29.27 and a beta of 0.91.

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.