Global Infrastructure Active ETF (NASDAQ:RIFR) Sees Large Increase in Short Interest

Global Infrastructure Active ETF (NASDAQ:RIFR) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 10,910 shares, a growth of 165.3% from the August 15th total of 4,112 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average daily trading volume, of 3,830 shares, the days-to-cover ratio is currently 2.8 days.

Institutional Trading of Global Infrastructure Active ETF

Several institutional investors have recently bought and sold shares of RIFR. Truist Financial Corp boosted its position in Global Infrastructure Active ETF by 3.6% in the fourth quarter. Truist Financial Corp now owns 11,325 shares of the company’s stock valued at $292,000 after buying an additional 392 shares in the last quarter. Rothschild Investment LLC acquired a new stake in shares of Global Infrastructure Active ETF during the fourth quarter worth approximately $389,000. Baird Financial Group Inc. raised its stake in shares of Global Infrastructure Active ETF by 31.8% in the second quarter. Baird Financial Group Inc. now owns 60,491 shares of the company’s stock valued at $1,723,000 after acquiring an additional 14,592 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of Global Infrastructure Active ETF by 14.3% in the first quarter. Cetera Investment Advisers now owns 196,100 shares of the company’s stock valued at $5,495,000 after acquiring an additional 24,604 shares during the last quarter. Finally, Arkadios Wealth Advisors raised its stake in shares of Global Infrastructure Active ETF by 28.9% in the first quarter. Arkadios Wealth Advisors now owns 346,731 shares of the company’s stock valued at $9,716,000 after acquiring an additional 77,824 shares during the last quarter.

Global Infrastructure Active ETF Stock Performance

Shares of NASDAQ:RIFR traded down $0.16 on Monday, hitting $27.93. 4,713 shares of the company were exchanged, compared to its average volume of 5,226. The company’s 50 day moving average price is $28.74 and its two-hundred day moving average price is $28.52. Global Infrastructure Active ETF has a one year low of $25.19 and a one year high of $29.34.

About Global Infrastructure Active ETF

Russell Investments Exchange Traded Funds – Global Infrastructure Active ETF is an open-end equity mutual fund launched and managed by Russell Investment Management, LLC . The fund is co-managed by Cohen & Steers Capital Management, Inc, Cohen & Steers UK Limited, Cohen & Steers Asia Limited and First Sentier Investors (Australia) IM Ltd. It invests in public equity markets of global region. The fund invests directly and through other funds in stocks of companies operating across ownership or operation of infrastructure assets, such as the physical structures, networks and systems of transportation, energy, water and sewage, medical facilities, government facilities and communication assets sectors.