Short Interest in iShares Global REIT ETF (NYSEARCA:REET) Drops By 22.0%

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

Hedge Funds Weigh In On iShares Global REIT ETF

A number of hedge funds have recently bought and sold shares of REET. Regatta Capital Group LLC lifted its holdings in iShares Global REIT ETF by 3.9% during the 3rd quarter. Regatta Capital Group LLC now owns 10,625 shares of the company’s stock worth $272,000 after buying an additional 395 shares during the last quarter. Diversify Advisory Services LLC increased its holdings in shares of iShares Global REIT ETF by 4.5% in the 4th quarter. Diversify Advisory Services LLC now owns 9,802 shares of the company’s stock valued at $254,000 after acquiring an additional 418 shares during the last quarter. MML Investors Services LLC raised its position in shares of iShares Global REIT ETF by 1.3% during the 2nd quarter. MML Investors Services LLC now owns 33,543 shares of the company’s stock valued at $829,000 after acquiring an additional 431 shares in the last quarter. International Private Wealth Advisors LLC raised its position in shares of iShares Global REIT ETF by 4.0% during the 4th quarter. International Private Wealth Advisors LLC now owns 11,630 shares of the company’s stock valued at $290,000 after acquiring an additional 443 shares in the last quarter. Finally, Castlekeep Investment Advisors LLC lifted its stake in iShares Global REIT ETF by 5.3% during the third quarter. Castlekeep Investment Advisors LLC now owns 9,362 shares of the company’s stock worth $239,000 after purchasing an additional 471 shares during the last quarter.

iShares Global REIT ETF Trading Down 1.0%

Shares of REET stock opened at $24.70 on Friday. The firm has a fifty day simple moving average of $26.16 and a 200-day simple moving average of $25.61. The company has a market capitalization of $4.29 billion, a PE ratio of 29.27 and a beta of 0.99. iShares Global REIT ETF has a twelve month low of $20.96 and a twelve month high of $27.44.

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.