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

iShares Global REIT ETF (NYSEARCA:REET) saw a significant growth in short interest in the month of 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. Currently, 0.7% of the shares of the company are sold short. Based on an average daily volume of 3,356,129 shares, the short-interest ratio is currently 0.4 days.

iShares Global REIT ETF Price Performance

NYSEARCA:REET traded down $0.28 during mid-day trading on Tuesday, hitting $26.55. The company’s stock had a trading volume of 131,372 shares, compared to its average volume of 2,291,620. The business’s fifty day moving average is $27.98 and its two-hundred day moving average is $27.24. The stock has a market cap of $4.80 billion, a price-to-earnings ratio of 29.27 and a beta of 0.91. iShares Global REIT ETF has a 1 year low of $24.65 and a 1 year high of $29.06.

Institutional Trading of iShares Global REIT ETF

A number of hedge funds have recently modified their holdings of the stock. IFP Advisors Inc raised its position in iShares Global REIT ETF by 77.9% during the second quarter. IFP Advisors Inc now owns 6,575 shares of the company’s stock valued at $182,000 after acquiring an additional 2,879 shares in the last quarter. SeedSafe Financial LLC purchased a new stake in iShares Global REIT ETF in the 2nd quarter worth approximately $741,000. SMART Wealth LLC purchased a new stake in iShares Global REIT ETF in the 2nd quarter worth approximately $254,000. TD Waterhouse Canada Inc. grew its stake in shares of iShares Global REIT ETF by 27.8% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 10,530 shares of the company’s stock worth $291,000 after purchasing an additional 2,288 shares during the period. Finally, Continuum Advisory LLC acquired a new stake in shares of iShares Global REIT ETF during the 2nd quarter worth approximately $36,000.

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.