iShares Global REIT ETF (NYSEARCA:REET) Short Interest Update

iShares Global REIT ETF (NYSEARCA:REET) saw a large increase in short interest in December. As of December 15th, there was short interest totaling 1,785,942 shares, an increase of 47.9% from the November 30th total of 1,207,618 shares. Approximately 1.1% of the shares of the stock are short sold. Based on an average trading volume of 2,826,607 shares, the days-to-cover ratio is presently 0.6 days. Based on an average trading volume of 2,826,607 shares, the days-to-cover ratio is presently 0.6 days. Approximately 1.1% of the shares of the stock are short sold.

iShares Global REIT ETF Stock Performance

Shares of REET traded up $0.05 during mid-day trading on Monday, hitting $25.09. 1,949,209 shares of the company were exchanged, compared to its average volume of 1,267,188. The stock has a market cap of $3.95 billion, a price-to-earnings ratio of 29.27 and a beta of 0.99. The company has a 50 day moving average of $25.25 and a 200-day moving average of $25.15. iShares Global REIT ETF has a 1-year low of $20.96 and a 1-year high of $26.07.

Hedge Funds Weigh In On iShares Global REIT ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Triumph Capital Management acquired a new position in iShares Global REIT ETF during the third quarter worth $91,000. Payne Capital Management LLC raised its position in shares of iShares Global REIT ETF by 35.3% during the 3rd quarter. Payne Capital Management LLC now owns 63,526 shares of the company’s stock valued at $1,624,000 after buying an additional 16,571 shares during the period. CIBC Private Wealth Group LLC lifted its holdings in iShares Global REIT ETF by 52.6% in the third quarter. CIBC Private Wealth Group LLC now owns 103,843 shares of the company’s stock valued at $2,654,000 after acquiring an additional 35,783 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new position in iShares Global REIT ETF in the third quarter worth approximately $2,654,000. Finally, Susquehanna International Group LLP purchased a new position in iShares Global REIT ETF in the third quarter worth approximately $2,110,000.

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.