Short Interest in iShares Global REIT ETF (NYSEARCA:REET) Grows By 47.9%

iShares Global REIT ETF (NYSEARCA:REET) was the target of a large increase in short interest during the month of 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. Based on an average daily volume of 2,826,607 shares, the short-interest ratio is currently 0.6 days. Currently, 1.1% of the company’s shares are short sold. Currently, 1.1% of the company’s shares are short sold. Based on an average daily volume of 2,826,607 shares, the short-interest ratio is currently 0.6 days.

iShares Global REIT ETF Price Performance

Shares of NYSEARCA:REET traded up $0.05 during midday trading on Monday, reaching $25.09. 1,949,209 shares of the company’s stock 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. iShares Global REIT ETF has a fifty-two week low of $20.96 and a fifty-two week high of $26.07. The firm’s 50 day simple moving average is $25.25 and its two-hundred day simple moving average is $25.15.

Hedge Funds Weigh In On iShares Global REIT ETF

Large investors have recently made changes to their positions in the stock. Valmark Advisers Inc. increased its holdings in iShares Global REIT ETF by 3.9% in the 3rd quarter. Valmark Advisers Inc. now owns 6,045,409 shares of the company’s stock valued at $154,521,000 after purchasing an additional 228,415 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in iShares Global REIT ETF by 8.2% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 5,425,901 shares of the company’s stock worth $138,686,000 after purchasing an additional 412,732 shares in the last quarter. SageView Advisory Group LLC boosted its position in shares of iShares Global REIT ETF by 2.9% during the third quarter. SageView Advisory Group LLC now owns 3,038,299 shares of the company’s stock worth $77,659,000 after buying an additional 86,609 shares during the period. Savant Capital LLC grew its stake in shares of iShares Global REIT ETF by 9.2% in the second quarter. Savant Capital LLC now owns 2,624,235 shares of the company’s stock valued at $64,819,000 after buying an additional 221,576 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of iShares Global REIT ETF by 73.0% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 1,796,249 shares of the company’s stock valued at $45,912,000 after buying an additional 758,228 shares in the last quarter.

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.