Short Interest in iShares Global REIT ETF (NYSEARCA:REET) Expands By 273.4%

iShares Global REIT ETF (NYSEARCA:REET) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 2,727,338 shares, a growth of 273.4% from the May 31st total of 730,402 shares. Approximately 1.6% of the shares of the stock are sold short. Based on an average trading volume of 2,509,531 shares, the days-to-cover ratio is presently 1.1 days.

iShares Global REIT ETF Price Performance

Shares of NYSEARCA REET traded up $0.29 during mid-day trading on Friday, hitting $28.10. 2,353,632 shares of the stock traded hands, compared to its average volume of 2,063,913. The company has a market cap of $4.93 billion, a PE ratio of 29.27 and a beta of 0.93. iShares Global REIT ETF has a twelve month low of $24.28 and a twelve month high of $28.12. The firm has a 50 day simple moving average of $27.29 and a two-hundred day simple moving average of $26.32.

Institutional Trading of iShares Global REIT ETF

Several hedge funds have recently modified their holdings of REET. SHP Wealth Management bought a new position in shares of iShares Global REIT ETF during the 4th quarter valued at approximately $25,000. International Assets Investment Management LLC purchased a new position in iShares Global REIT ETF in the fourth quarter valued at approximately $26,000. Mascoma Wealth Management LLC purchased a new position in iShares Global REIT ETF in the first quarter valued at approximately $33,000. EFG International AG bought a new position in iShares Global REIT ETF during the fourth quarter valued at $50,000. Finally, Operose Advisors LLC grew its holdings 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 valued at $53,000 after purchasing an additional 1,440 shares during the period.

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.