iShares Global REIT ETF (NYSEARCA:REET) Sees Significant Growth in Short Interest

iShares Global REIT ETF (NYSEARCA:REET) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 1,400,595 shares, an increase of 118.6% from the September 15th total of 640,620 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average daily trading volume, of 2,767,312 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On iShares Global REIT ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Factor Wealth Management LTD lifted its position in iShares Global REIT ETF by 6.1% during the 3rd quarter. Factor Wealth Management LTD now owns 87,097 shares of the company’s stock worth $2,245,000 after acquiring an additional 4,993 shares during the period. CoreCap Advisors LLC increased its holdings in shares of iShares Global REIT ETF by 16.8% in the third quarter. CoreCap Advisors LLC now owns 5,685 shares of the company’s stock valued at $147,000 after purchasing an additional 818 shares during the period. Apella Capital LLC increased its holdings in shares of iShares Global REIT ETF by 150.2% in the third quarter. Apella Capital LLC now owns 106,305 shares of the company’s stock valued at $2,700,000 after purchasing an additional 63,815 shares during the period. Boston Standard Wealth Management LLC acquired a new position in shares of iShares Global REIT ETF in the third quarter valued at about $17,813,000. Finally, Collective Family Office LLC raised its stake in shares of iShares Global REIT ETF by 8.0% in the third quarter. Collective Family Office LLC now owns 120,373 shares of the company’s stock worth $3,103,000 after purchasing an additional 8,915 shares during the last quarter.

iShares Global REIT ETF Trading Up 0.2%

NYSEARCA:REET opened at $25.88 on Tuesday. The company has a market capitalization of $4.68 billion, a P/E ratio of 29.27 and a beta of 0.91. iShares Global REIT ETF has a 12 month low of $24.65 and a 12 month high of $29.06. The firm has a fifty day simple moving average of $27.04 and a 200-day simple moving average of $27.20.

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.