iShares Global REIT ETF (NYSEARCA:REET – Get Free Report) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 444,572 shares, a decrease of 66.5% from the July 15th total of 1,325,953 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 3,110,728 shares, the short-interest ratio is presently 0.1 days.
Hedge Funds Weigh In On iShares Global REIT ETF
Several hedge funds have recently bought and sold shares of the company. SHP Wealth Management purchased a new stake in shares of iShares Global REIT ETF in the 4th quarter worth about $25,000. International Assets Investment Management LLC acquired a new stake in shares of iShares Global REIT ETF during the fourth quarter valued at $26,000. Mascoma Wealth Management LLC acquired a new position in iShares Global REIT ETF in the 1st quarter valued at about $33,000. EFG International AG purchased a new stake in shares of iShares Global REIT ETF during the fourth quarter worth about $50,000. Finally, Operose Advisors LLC boosted its position in iShares Global REIT ETF by 211.1% during the fourth quarter. Operose Advisors LLC now owns 2,122 shares of the company’s stock worth $53,000 after acquiring an additional 1,440 shares during the last quarter.
iShares Global REIT ETF Stock Performance
Shares of iShares Global REIT ETF stock opened at $28.14 on Friday. iShares Global REIT ETF has a one year low of $24.65 and a one year high of $29.06. The firm has a fifty day moving average of $27.97 and a two-hundred day moving average of $27.05. The company has a market cap of $5.09 billion, a P/E ratio of 29.27 and a beta of 0.92.
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.
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