iShares Global REIT ETF (NYSEARCA:REET) Short Interest Down 66.5% in June

iShares Global REIT ETF (NYSEARCA:REET) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 914,641 shares, a decrease of 66.5% from the June 15th total of 2,727,338 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 2,584,226 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of iShares Global REIT ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. SHP Wealth Management purchased a new stake in shares of iShares Global REIT ETF in the fourth quarter valued at approximately $25,000. International Assets Investment Management LLC purchased a new position in iShares Global REIT ETF during the 4th quarter worth $26,000. Mascoma Wealth Management LLC bought a new stake in iShares Global REIT ETF during the 1st quarter valued at $33,000. EFG International AG bought a new stake in iShares Global REIT ETF during the 4th quarter valued at $50,000. Finally, Operose Advisors LLC lifted its holdings in shares of iShares Global REIT ETF by 211.1% in the 4th quarter. Operose Advisors LLC now owns 2,122 shares of the company’s stock worth $53,000 after buying an additional 1,440 shares during the period.

iShares Global REIT ETF Stock Up 0.1%

REET traded up $0.04 on Wednesday, reaching $27.97. 2,179,581 shares of the company traded hands, compared to its average volume of 2,080,124. iShares Global REIT ETF has a one year low of $24.28 and a one year high of $28.26. The firm has a fifty day simple moving average of $27.47 and a two-hundred day simple moving average of $26.57. The company has a market cap of $4.95 billion, a P/E ratio of 29.27 and a beta of 0.92.

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.