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

iShares Global REIT ETF (NYSEARCA:REET) was the recipient of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 914,641 shares, a decline of 66.5% from the June 15th total of 2,727,338 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily trading volume, of 2,584,226 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of iShares Global REIT ETF

A number of large investors have recently bought and sold shares of the business. NewEdge Advisors LLC boosted its position in shares of iShares Global REIT ETF by 23.4% during the 1st quarter. NewEdge Advisors LLC now owns 47,066 shares of the company’s stock valued at $1,142,000 after purchasing an additional 8,938 shares in the last quarter. Cresset Asset Management LLC increased its holdings in iShares Global REIT ETF by 4.8% in the second quarter. Cresset Asset Management LLC now owns 29,310 shares of the company’s stock worth $724,000 after purchasing an additional 1,337 shares in the last quarter. Qube Research & Technologies Ltd lifted its stake in iShares Global REIT ETF by 41.1% in the second quarter. Qube Research & Technologies Ltd now owns 46,006 shares of the company’s stock valued at $1,136,000 after buying an additional 13,410 shares during the period. Peapack Gladstone Financial Corp lifted its stake in iShares Global REIT ETF by 10.8% in the second quarter. Peapack Gladstone Financial Corp now owns 15,092 shares of the company’s stock valued at $373,000 after buying an additional 1,466 shares during the period. Finally, Betterment LLC boosted its holdings in shares of iShares Global REIT ETF by 44.1% during the 2nd quarter. Betterment LLC now owns 15,906 shares of the company’s stock worth $393,000 after buying an additional 4,871 shares in the last quarter.

iShares Global REIT ETF Trading Up 0.1%

NYSEARCA:REET traded up $0.02 on Tuesday, reaching $27.93. 2,481,948 shares of the stock traded hands, compared to its average volume of 2,084,838. The company’s 50 day moving average is $27.47 and its 200-day moving average is $26.57. iShares Global REIT ETF has a 1-year low of $24.28 and a 1-year high of $28.26. The firm has a market capitalization of $4.95 billion, a price-to-earnings ratio of 29.27 and a beta of 0.92.

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.