Short Interest in iShares Global REIT ETF (NYSEARCA:REET) Increases By 273.4%

iShares Global REIT ETF (NYSEARCA:REET) saw a significant growth in short interest in June. As of June 15th, there was short interest totaling 2,727,338 shares, a growth of 273.4% from the May 31st total of 730,402 shares. Based on an average trading volume of 2,509,531 shares, the short-interest ratio is presently 1.1 days. Currently, 1.6% of the company’s stock are sold short.

Institutional Trading of iShares Global REIT ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Modera Wealth Management LLC grew its holdings in shares of iShares Global REIT ETF by 8.7% during the fourth quarter. Modera Wealth Management LLC now owns 1,299,166 shares of the company’s stock worth $32,414,000 after buying an additional 103,954 shares in the last quarter. Brooklyn FI LLC lifted its stake in iShares Global REIT ETF by 18.6% in the 4th quarter. Brooklyn FI LLC now owns 464,137 shares of the company’s stock valued at $11,580,000 after acquiring an additional 72,854 shares in the last quarter. PDS Planning Inc lifted its stake in iShares Global REIT ETF by 4.3% in the 4th quarter. PDS Planning Inc now owns 1,533,569 shares of the company’s stock valued at $38,263,000 after acquiring an additional 62,927 shares in the last quarter. FSM Wealth Advisors LLC boosted its position in iShares Global REIT ETF by 11.9% during the 4th quarter. FSM Wealth Advisors LLC now owns 537,742 shares of the company’s stock worth $13,417,000 after acquiring an additional 57,089 shares during the last quarter. Finally, Compagnie Lombard Odier SCmA boosted its position in iShares Global REIT ETF by 276.4% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 38,390 shares of the company’s stock worth $958,000 after acquiring an additional 28,190 shares during the last quarter.

iShares Global REIT ETF Stock Up 1.0%

REET traded up $0.29 during trading on Friday, hitting $28.10. The company had a trading volume of 2,353,632 shares, compared to its average volume of 2,063,913. The company has a market capitalization of $4.93 billion, a PE ratio of 29.27 and a beta of 0.93. iShares Global REIT ETF has a one year low of $24.28 and a one year high of $28.12. The firm’s 50-day moving average price is $27.29 and its 200 day moving average price is $26.31.

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.