iShares Global REIT ETF (NYSEARCA:REET – Get Free Report) was the recipient of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 914,641 shares, a decrease of 66.5% from the June 15th total of 2,727,338 shares. Based on an average daily trading volume, of 2,584,226 shares, the short-interest ratio is currently 0.4 days. Currently, 0.5% of the company’s stock are short sold.
Institutional Trading of iShares Global REIT ETF
Hedge funds have recently modified their holdings of the stock. SHP Wealth Management acquired a new position in iShares Global REIT ETF during the 4th quarter worth $25,000. International Assets Investment Management LLC acquired a new stake in iShares Global REIT ETF in the 4th quarter valued at about $26,000. Mascoma Wealth Management LLC acquired a new stake in iShares Global REIT ETF in the 1st quarter valued at about $33,000. EFG International AG purchased a new position in shares of iShares Global REIT ETF in the 4th quarter valued at about $50,000. Finally, Operose Advisors LLC boosted its stake in shares of iShares Global REIT ETF by 211.1% in the 4th quarter. Operose Advisors LLC now owns 2,122 shares of the company’s stock valued at $53,000 after buying an additional 1,440 shares during the period.
iShares Global REIT ETF Price Performance
iShares Global REIT ETF stock opened at $27.81 on Monday. iShares Global REIT ETF has a 52-week low of $24.28 and a 52-week high of $28.26. The firm has a market cap of $4.93 billion, a PE ratio of 29.27 and a beta of 0.92. The company’s 50 day moving average is $27.44 and its two-hundred day moving average is $26.53.
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.
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