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

iShares Global REIT ETF (NYSEARCA:REET) saw a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 733,944 shares, a drop of 22.0% from the February 12th total of 941,236 shares. Based on an average trading volume of 1,805,305 shares, the short-interest ratio is presently 0.4 days. Currently, 0.4% of the shares of the company are short sold. Currently, 0.4% of the shares of the company are short sold. Based on an average trading volume of 1,805,305 shares, the short-interest ratio is presently 0.4 days.

iShares Global REIT ETF Stock Down 0.5%

NYSEARCA:REET traded down $0.13 during trading hours on Friday, hitting $25.86. 2,115,463 shares of the stock traded hands, compared to its average volume of 1,492,913. The company has a market cap of $4.50 billion, a price-to-earnings ratio of 29.27 and a beta of 0.99. iShares Global REIT ETF has a 1 year low of $20.96 and a 1 year high of $27.44. The stock has a 50 day moving average price of $26.16 and a 200 day moving average price of $25.61.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. NewEdge Advisors LLC increased its stake in iShares Global REIT ETF by 23.4% in the 1st quarter. NewEdge Advisors LLC now owns 47,066 shares of the company’s stock worth $1,142,000 after buying an additional 8,938 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of iShares Global REIT ETF by 97.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 430,936 shares of the company’s stock valued at $10,644,000 after acquiring an additional 212,496 shares in the last quarter. Diversified Portfolios Inc. boosted its stake in shares of iShares Global REIT ETF by 4.7% in the second quarter. Diversified Portfolios Inc. now owns 853,902 shares of the company’s stock worth $21,091,000 after acquiring an additional 38,133 shares during the period. TD Waterhouse Canada Inc. boosted its stake in shares of iShares Global REIT ETF by 9.1% in the second quarter. TD Waterhouse Canada Inc. now owns 40,855 shares of the company’s stock worth $1,014,000 after acquiring an additional 3,418 shares during the period. Finally, EFG Asset Management Americas Corp. purchased a new stake in shares of iShares Global REIT ETF during the second quarter worth about $201,000.

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.