iShares Global REIT ETF (NYSEARCA:REET) Sees Significant Growth in Short Interest

iShares Global REIT ETF (NYSEARCA:REET) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 2,252,741 shares, a growth of 26.1% from the December 15th total of 1,785,942 shares. Approximately 1.3% of the company’s stock are short sold. Based on an average daily trading volume, of 1,677,063 shares, the days-to-cover ratio is currently 1.3 days. Based on an average daily trading volume, of 1,677,063 shares, the days-to-cover ratio is currently 1.3 days. Approximately 1.3% of the company’s stock are short sold.

iShares Global REIT ETF Stock Up 1.0%

REET stock traded up $0.25 during mid-day trading on Monday, reaching $25.88. 1,671,460 shares of the company traded hands, compared to its average volume of 951,224. The firm’s 50 day moving average price is $25.18 and its 200 day moving average price is $25.20. The stock has a market cap of $4.48 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.

Institutional Investors Weigh In On iShares Global REIT ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC boosted its holdings in iShares Global REIT ETF by 23.4% during the 1st quarter. NewEdge Advisors LLC now owns 47,066 shares of the company’s stock worth $1,142,000 after acquiring an additional 8,938 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of iShares Global REIT ETF by 708.5% during the second quarter. Farther Finance Advisors LLC now owns 39,019 shares of the company’s stock valued at $964,000 after purchasing an additional 34,193 shares in the last quarter. Matrix Trust Co boosted its holdings in iShares Global REIT ETF by 0.9% during the second quarter. Matrix Trust Co now owns 57,259 shares of the company’s stock worth $1,414,000 after purchasing an additional 510 shares during the last quarter. AdvisorNet Financial Inc grew its position in iShares Global REIT ETF by 15.9% in the 2nd quarter. AdvisorNet Financial Inc now owns 4,187 shares of the company’s stock worth $103,000 after purchasing an additional 573 shares in the last quarter. Finally, CGN Advisors LLC purchased a new stake in iShares Global REIT ETF in the 2nd quarter valued at about $393,000.

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.