iShares Global REIT ETF (NYSEARCA:REET – Get Free Report) was the target of a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 572,626 shares, a decline of 22.0% from the February 26th total of 733,944 shares. Based on an average daily trading volume, of 2,013,443 shares, the short-interest ratio is currently 0.3 days. Currently, 0.3% of the shares of the company are sold short.
Institutional Investors Weigh In On iShares Global REIT ETF
Several institutional investors have recently bought and sold shares of REET. World Investment Advisors increased its position in shares of iShares Global REIT ETF by 1.8% during the 4th quarter. World Investment Advisors now owns 320,454 shares of the company’s stock valued at $7,995,000 after purchasing an additional 5,725 shares during the period. Corient Private Wealth LLC raised its stake in shares of iShares Global REIT ETF by 289.1% in the 4th quarter. Corient Private Wealth LLC now owns 331,374 shares of the company’s stock worth $8,268,000 after buying an additional 246,215 shares in the last quarter. SHP Wealth Management acquired a new stake in shares of iShares Global REIT ETF in the fourth quarter valued at $25,000. DGS Capital Management LLC lifted its holdings in shares of iShares Global REIT ETF by 4.0% in the fourth quarter. DGS Capital Management LLC now owns 19,421 shares of the company’s stock valued at $485,000 after buying an additional 755 shares during the period. Finally, Nolet Wealth Management LLC bought a new position in iShares Global REIT ETF during the fourth quarter valued at about $502,000.
iShares Global REIT ETF Price Performance
Shares of REET opened at $24.70 on Friday. iShares Global REIT ETF has a 12 month low of $20.96 and a 12 month high of $27.44. The stock has a fifty day moving average price of $26.16 and a 200 day moving average price of $25.61. The company has a market cap of $4.29 billion, a P/E ratio of 29.27 and a beta of 0.99.
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.
Further Reading
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