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

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

Institutional Investors Weigh In On iShares Global REIT ETF

A number of large investors have recently made changes to their positions in REET. SHP Wealth Management purchased a new position in shares of iShares Global REIT ETF in the fourth quarter worth approximately $25,000. Continuum Advisory LLC purchased a new stake in iShares Global REIT ETF during the second quarter valued at approximately $36,000. Mascoma Wealth Management LLC bought a new position in iShares Global REIT ETF in the first quarter worth approximately $33,000. Bessemer Group Inc. raised its position in iShares Global REIT ETF by 124.0% in the first quarter. Bessemer Group Inc. now owns 2,361 shares of the company’s stock worth $60,000 after acquiring an additional 1,307 shares during the period. Finally, Security National Bank of Sioux City Iowa IA bought a new position in iShares Global REIT ETF in the second quarter worth approximately $73,000.

iShares Global REIT ETF Price Performance

iShares Global REIT ETF stock traded down $0.19 during mid-day trading on Thursday, reaching $25.59. 3,856,110 shares of the stock traded hands, compared to its average volume of 2,347,652. The stock has a market capitalization of $4.61 billion, a PE ratio of 29.27 and a beta of 0.91. iShares Global REIT ETF has a 12-month low of $24.65 and a 12-month high of $29.06. The business’s 50-day moving average is $27.52 and its 200-day moving average is $27.20.

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.