iShares Global REIT ETF (NYSEARCA:REET) Short Interest Up 156.9% in August

iShares Global REIT ETF (NYSEARCA:REET) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 1,250,349 shares, a growth of 156.9% from the August 15th total of 486,782 shares. Based on an average daily trading volume, of 3,356,129 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.7% of the company’s shares are short sold.

iShares Global REIT ETF Trading Up 0.3%

iShares Global REIT ETF stock opened at $26.98 on Friday. The firm has a market capitalization of $4.88 billion, a P/E ratio of 29.27 and a beta of 0.91. The business has a 50-day moving average of $28.00 and a 200-day moving average of $27.24. iShares Global REIT ETF has a 1 year low of $24.65 and a 1 year high of $29.06.

Hedge Funds Weigh In On iShares Global REIT ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC raised its stake in iShares Global REIT ETF by 23.4% during the 1st quarter. NewEdge Advisors LLC now owns 47,066 shares of the company’s stock worth $1,142,000 after buying an additional 8,938 shares during the period. Cresset Asset Management LLC increased its holdings in shares of iShares Global REIT ETF by 4.8% in the second quarter. Cresset Asset Management LLC now owns 29,310 shares of the company’s stock worth $724,000 after acquiring an additional 1,337 shares in the last quarter. Qube Research & Technologies Ltd raised its position in shares of iShares Global REIT ETF by 41.1% during the second quarter. Qube Research & Technologies Ltd now owns 46,006 shares of the company’s stock worth $1,136,000 after purchasing an additional 13,410 shares during the period. Peapack Gladstone Financial Corp raised its position in shares of iShares Global REIT ETF by 10.8% during the second quarter. Peapack Gladstone Financial Corp now owns 15,092 shares of the company’s stock worth $373,000 after purchasing an additional 1,466 shares during the period. Finally, Betterment LLC lifted its holdings in shares of iShares Global REIT ETF by 44.1% during the 2nd quarter. Betterment LLC now owns 15,906 shares of the company’s stock valued at $393,000 after purchasing an additional 4,871 shares in the last quarter.

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.