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

iShares Global REIT ETF (NYSEARCA:REET) saw a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 941,236 shares, a growth of 87.4% from the January 29th total of 502,314 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average trading volume of 1,691,371 shares, the days-to-cover ratio is presently 0.6 days. Based on an average trading volume of 1,691,371 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.5% of the shares of the company are sold short.

iShares Global REIT ETF Stock Performance

Shares of REET opened at $27.25 on Monday. iShares Global REIT ETF has a fifty-two week low of $20.96 and a fifty-two week high of $27.45. The business has a 50-day moving average of $25.86 and a 200 day moving average of $25.51. The firm has a market cap of $4.74 billion, a P/E ratio of 29.27 and a beta of 0.99.

Institutional Trading of iShares Global REIT ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. International Assets Investment Management LLC purchased a new stake in shares of iShares Global REIT ETF during the 4th quarter valued at approximately $26,000. EFG International AG bought a new stake in iShares Global REIT ETF during the 4th quarter valued at $50,000. Operose Advisors LLC lifted its position in shares of iShares Global REIT ETF by 211.1% during the fourth quarter. Operose Advisors LLC now owns 2,122 shares of the company’s stock worth $53,000 after acquiring an additional 1,440 shares in the last quarter. Westfuller Advisors LLC purchased a new stake in shares of iShares Global REIT ETF during the third quarter worth $58,000. Finally, American Trust bought a new position in shares of iShares Global REIT ETF in the fourth quarter worth $62,000.

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.