iShares Global REIT ETF (NYSEARCA:REET) Sees Significant Growth in Short Interest
by Teresa Graham · The Cerbat GemiShares Global REIT ETF (NYSEARCA:REET – Get Free Report) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totaling 630,078 shares, a growth of 16.6% from the March 31st total of 540,512 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily volume of 2,926,689 shares, the short-interest ratio is currently 0.2 days.
Institutional Investors Weigh In On iShares Global REIT ETF
Institutional investors have recently bought and sold shares of the stock. SHP Wealth Management bought a new position in iShares Global REIT ETF during the 4th quarter valued at $25,000. International Assets Investment Management LLC purchased a new stake in shares of iShares Global REIT ETF in the fourth quarter valued at about $26,000. Mascoma Wealth Management LLC purchased a new stake in shares of iShares Global REIT ETF in the first quarter valued at about $33,000. EFG International AG bought a new position in shares of iShares Global REIT ETF during the fourth quarter valued at about $50,000. Finally, Operose Advisors LLC lifted its position in shares of iShares Global REIT ETF by 211.1% during the fourth quarter. Operose Advisors LLC now owns 2,122 shares of the company’s stock valued at $53,000 after purchasing an additional 1,440 shares in the last quarter.
iShares Global REIT ETF Stock Performance
Shares of iShares Global REIT ETF stock traded down $0.05 on Friday, hitting $27.27. The company had a trading volume of 1,818,763 shares, compared to its average volume of 1,959,002. The stock has a market capitalization of $4.78 billion, a price-to-earnings ratio of 29.27 and a beta of 0.94. iShares Global REIT ETF has a 1 year low of $23.98 and a 1 year high of $27.50. The stock has a 50 day moving average of $26.34 and a 200-day moving average of $25.78.
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.