Short Interest in iShares Global REIT ETF (NYSEARCA:REET) Rises By 156.9%

iShares Global REIT ETF (NYSEARCA:REET) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 1,250,349 shares, a growth of 156.9% from the August 15th total of 486,782 shares. Based on an average daily volume of 3,356,129 shares, the short-interest ratio is currently 0.4 days. Approximately 0.7% of the shares of the stock are short sold.

iShares Global REIT ETF Price Performance

REET stock opened at $26.98 on Friday. The company has a 50 day moving average price of $28.00 and a 200 day moving average price of $27.24. iShares Global REIT ETF has a fifty-two week low of $24.65 and a fifty-two week high of $29.06. The stock has a market capitalization of $4.88 billion, a PE ratio of 29.27 and a beta of 0.91.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. SHP Wealth Management bought a new stake in shares of iShares Global REIT ETF during the fourth quarter worth approximately $25,000. International Assets Investment Management LLC acquired a new stake in iShares Global REIT ETF during the 4th quarter worth $26,000. Mascoma Wealth Management LLC acquired a new stake in iShares Global REIT ETF during the 1st quarter worth $33,000. Continuum Advisory LLC bought a new stake in shares of iShares Global REIT ETF during the 2nd quarter valued at $36,000. Finally, EFG International AG bought a new stake in shares of iShares Global REIT ETF during the 4th quarter valued at $50,000.

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.