iShares Global REIT ETF (NYSEARCA:REET – Get Free Report) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 1,400,595 shares, a growth of 118.6% from the September 15th total of 640,620 shares. Based on an average daily volume of 2,767,312 shares, the short-interest ratio is presently 0.5 days. Currently, 0.8% of the company’s stock are sold short.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of REET. SHP Wealth Management acquired a new position in shares of iShares Global REIT ETF during the fourth quarter valued at about $25,000. Mascoma Wealth Management LLC purchased a new position in shares of iShares Global REIT ETF in the 1st quarter valued at approximately $33,000. Continuum Advisory LLC purchased a new position in shares of iShares Global REIT ETF in the 2nd quarter valued at approximately $36,000. Bessemer Group Inc. boosted its stake in iShares Global REIT ETF by 124.0% in the 1st quarter. Bessemer Group Inc. now owns 2,361 shares of the company’s stock worth $60,000 after purchasing an additional 1,307 shares in the last quarter. Finally, Security National Bank of Sioux City Iowa IA acquired a new stake in iShares Global REIT ETF in the 2nd quarter worth approximately $73,000.
iShares Global REIT ETF Stock Performance
Shares of iShares Global REIT ETF stock opened at $25.88 on Tuesday. The company has a market capitalization of $4.68 billion, a PE ratio of 29.27 and a beta of 0.91. The company has a 50-day simple moving average of $27.04 and a two-hundred day simple moving average of $27.20. iShares Global REIT ETF has a one year low of $24.65 and a one year high of $29.06.
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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