Short Interest in iShares Global REIT ETF (NYSEARCA:REET) Decreases By 66.5%

iShares Global REIT ETF (NYSEARCA:REET) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 444,572 shares, a decline of 66.5% from the July 15th total of 1,325,953 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 3,110,728 shares, the days-to-cover ratio is presently 0.1 days.

iShares Global REIT ETF Price Performance

REET traded up $0.05 during trading hours on Friday, reaching $28.14. The company’s stock had a trading volume of 2,114,539 shares, compared to its average volume of 2,199,105. iShares Global REIT ETF has a fifty-two week low of $24.65 and a fifty-two week high of $29.06. The stock has a market cap of $5.09 billion, a PE ratio of 29.27 and a beta of 0.92. The business’s 50-day moving average is $27.95 and its 200-day moving average is $27.04.

Hedge Funds Weigh In On iShares Global REIT ETF

Large investors have recently modified their holdings of the business. State of New Jersey Common Pension Fund D purchased a new position in shares of iShares Global REIT ETF during the 4th quarter worth $294,086,000. Goldman Sachs Group Inc. raised its holdings in iShares Global REIT ETF by 167.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,484,686 shares of the company’s stock valued at $86,943,000 after buying an additional 2,181,940 shares during the period. Jane Street Group LLC purchased a new stake in iShares Global REIT ETF in the 2nd quarter valued at about $24,090,000. Northwestern Mutual Wealth Management Co. lifted its position in iShares Global REIT ETF by 12.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,117,917 shares of the company’s stock valued at $152,642,000 after buying an additional 692,016 shares during the last quarter. Finally, Polianta Ltd lifted its position in iShares Global REIT ETF by 16.5% in the first quarter. Polianta Ltd now owns 4,233,000 shares of the company’s stock valued at $106,459,000 after buying an additional 599,000 shares during the last quarter.

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.