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

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

iShares Global REIT ETF Stock Performance

REET stock traded up $0.29 during midday trading on Friday, hitting $28.10. 2,353,632 shares of the company’s stock were exchanged, compared to its average volume of 2,063,913. The stock’s fifty day moving average price is $27.29 and its 200-day moving average price is $26.31. The company has a market cap 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.

Institutional Investors Weigh In On iShares Global REIT ETF

A number of hedge funds have recently modified their holdings of REET. State of New Jersey Common Pension Fund D acquired a new position in shares of iShares Global REIT ETF in the 4th quarter valued at approximately $294,086,000. Polianta Ltd acquired a new stake in iShares Global REIT ETF during the 4th quarter worth approximately $90,668,000. Goldman Sachs Group Inc. raised its holdings in iShares Global REIT ETF by 167.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,484,686 shares of the company’s stock worth $86,943,000 after buying an additional 2,181,940 shares during the period. Jane Street Group LLC bought a new position in iShares Global REIT ETF in the second quarter valued at approximately $24,090,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in iShares Global REIT ETF by 12.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,117,917 shares of the company’s stock valued at $152,642,000 after buying an additional 692,016 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.