iShares Global REIT ETF (NYSEARCA:REET) Short Interest Update

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

iShares Global REIT ETF Stock Down 0.7%

Shares of iShares Global REIT ETF stock traded down $0.21 on Monday, hitting $27.89. 574,066 shares of the company’s stock traded hands, compared to its average volume of 2,051,218. iShares Global REIT ETF has a 52-week low of $24.28 and a 52-week high of $28.12. The stock has a market cap of $4.89 billion, a P/E ratio of 29.27 and a beta of 0.93. The firm’s 50-day moving average is $27.29 and its 200 day moving average is $26.32.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. State of New Jersey Common Pension Fund D acquired a new stake in shares of iShares Global REIT ETF in the 4th quarter valued at about $294,086,000. Polianta Ltd bought a new stake in iShares Global REIT ETF in the fourth quarter valued at about $90,668,000. Goldman Sachs Group Inc. increased its holdings in iShares Global REIT ETF by 167.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,484,686 shares of the company’s stock valued at $86,943,000 after buying an additional 2,181,940 shares during the last quarter. Jane Street Group LLC acquired a new stake in iShares Global REIT ETF during the second quarter valued at approximately $24,090,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in iShares Global REIT ETF by 12.8% during 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.