FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) Sees Large Decline in Short Interest

FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 45,109 shares, a decrease of 73.3% from the July 15th total of 169,158 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 47,646 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Investors Weigh In On FlexShares STOXX Global Broad Infrastructure Index Fund

A number of hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its position in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 1,165.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 835 shares of the company’s stock valued at $53,000 after acquiring an additional 769 shares during the period. Jones Financial Companies Lllp grew its holdings in FlexShares STOXX Global Broad Infrastructure Index Fund by 572.2% in the first quarter. Jones Financial Companies Lllp now owns 3,576 shares of the company’s stock worth $206,000 after purchasing an additional 3,044 shares during the period. Flow Traders U.S. LLC acquired a new stake in FlexShares STOXX Global Broad Infrastructure Index Fund in the third quarter worth $426,000. BOKF NA increased its stake in FlexShares STOXX Global Broad Infrastructure Index Fund by 379.9% in the third quarter. BOKF NA now owns 7,175 shares of the company’s stock valued at $451,000 after purchasing an additional 5,680 shares in the last quarter. Finally, Rossby Financial LCC bought a new stake in FlexShares STOXX Global Broad Infrastructure Index Fund in the fourth quarter valued at $714,000.

FlexShares STOXX Global Broad Infrastructure Index Fund Stock Performance

Shares of NFRA stock traded up $0.35 during mid-day trading on Thursday, hitting $66.11. The company’s stock had a trading volume of 4,772 shares, compared to its average volume of 74,266. The company’s fifty day simple moving average is $65.15 and its 200-day simple moving average is $65.00. FlexShares STOXX Global Broad Infrastructure Index Fund has a 52 week low of $59.60 and a 52 week high of $67.36. The company has a market cap of $3.03 billion, a PE ratio of 18.12 and a beta of 0.67.

About FlexShares STOXX Global Broad Infrastructure Index Fund

The FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA) is an exchange-traded fund that is based on the STOXX Global Broad Infrastructure index, a market-cap-weighted index of global infrastructure companies from developed and emerging markets. NFRA was launched on Oct 8, 2013 and is managed by FlexShares.