iShares Global REIT ETF (NYSEARCA:REET) Short Interest Down 22.0% in March

iShares Global REIT ETF (NYSEARCA:REET) was the target of a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 572,626 shares, a drop of 22.0% from the February 26th total of 733,944 shares. Based on an average trading volume of 2,013,443 shares, the short-interest ratio is currently 0.3 days. Approximately 0.3% of the shares of the company are sold short.

Institutional Trading of iShares Global REIT ETF

Several hedge funds have recently bought and sold shares of REET. State of New Jersey Common Pension Fund D bought a new position in shares of iShares Global REIT ETF in the fourth quarter worth about $294,086,000. Polianta Ltd bought a new position in shares of iShares Global REIT ETF during the 4th quarter valued at approximately $90,668,000. Goldman Sachs Group Inc. grew its stake in shares of iShares Global REIT ETF by 167.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,484,686 shares of the company’s stock valued at $86,943,000 after acquiring an additional 2,181,940 shares during the period. Jane Street Group LLC purchased a new stake in iShares Global REIT ETF in the 2nd quarter worth approximately $24,090,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in iShares Global REIT ETF by 73.0% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 1,796,249 shares of the company’s stock worth $45,912,000 after acquiring an additional 758,228 shares in the last quarter.

iShares Global REIT ETF Stock Performance

Shares of REET stock traded up $0.21 during mid-day trading on Tuesday, reaching $25.00. 692,638 shares of the company’s stock traded hands, compared to its average volume of 1,715,976. iShares Global REIT ETF has a 12 month low of $20.96 and a 12 month high of $27.44. The firm has a 50 day moving average price of $26.14 and a two-hundred day moving average price of $25.60. The firm has a market capitalization of $4.35 billion, a PE ratio of 29.27 and a beta of 0.99.

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.