Short Interest in iShares Global REIT ETF (NYSEARCA:REET) Expands By 26.1%

iShares Global REIT ETF (NYSEARCA:REET) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 2,252,741 shares, an increase of 26.1% from the December 15th total of 1,785,942 shares. Based on an average daily volume of 1,677,063 shares, the days-to-cover ratio is presently 1.3 days. Approximately 1.3% of the shares of the company are sold short. Approximately 1.3% of the shares of the company are sold short. Based on an average daily volume of 1,677,063 shares, the days-to-cover ratio is presently 1.3 days.

iShares Global REIT ETF Stock Performance

REET traded up $0.25 on Friday, reaching $25.88. The company had a trading volume of 1,671,460 shares, compared to its average volume of 951,224. iShares Global REIT ETF has a fifty-two week low of $20.96 and a fifty-two week high of $26.07. The stock has a market cap of $4.48 billion, a P/E ratio of 29.27 and a beta of 0.99. The company’s fifty day moving average is $25.18 and its 200 day moving average is $25.20.

Institutional Trading of iShares Global REIT ETF

Several hedge funds and other institutional investors have recently bought and sold shares of REET. Polianta Ltd acquired a new position in shares of iShares Global REIT ETF during the 4th quarter worth approximately $90,668,000. Jane Street Group LLC acquired a new position in iShares Global REIT ETF in the 2nd quarter valued at $24,090,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of iShares Global REIT ETF by 73.0% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 1,796,249 shares of the company’s stock valued at $45,912,000 after acquiring an additional 758,228 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of iShares Global REIT ETF by 8.2% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 5,425,901 shares of the company’s stock valued at $138,686,000 after acquiring an additional 412,732 shares during the period. Finally, Bank of America Corp DE raised its stake in iShares Global REIT ETF by 42.1% in the second quarter. Bank of America Corp DE now owns 1,053,734 shares of the company’s stock valued at $26,027,000 after purchasing an additional 312,423 shares in 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.