iShares U.S. Infrastructure ETF (BATS:IFRA) Sees Large Decrease in Short Interest

iShares U.S. Infrastructure ETF (BATS:IFRA) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totaling 194,464 shares, a drop of 41.7% from the September 30th total of 333,661 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average trading volume of 306,724 shares, the days-to-cover ratio is presently 0.6 days.

iShares U.S. Infrastructure ETF Trading Down 0.4%

Shares of IFRA opened at $58.30 on Friday. The firm has a market capitalization of $3.14 billion, a P/E ratio of 19.30 and a beta of 0.98. The firm has a 50-day moving average price of $57.41 and a 200 day moving average price of $59.35. iShares U.S. Infrastructure ETF has a 12-month low of $50.66 and a 12-month high of $64.25.

Hedge Funds Weigh In On iShares U.S. Infrastructure ETF

A number of hedge funds have recently modified their holdings of the business. Kickstand Ventures LLC. increased its stake in iShares U.S. Infrastructure ETF by 1.3% during the second quarter. Kickstand Ventures LLC. now owns 13,826 shares of the company’s stock worth $872,000 after purchasing an additional 172 shares during the period. Wealthcare Capital Partners LLC increased its stake in iShares U.S. Infrastructure ETF by 0.7% in the second quarter. Wealthcare Capital Partners LLC now owns 26,128 shares of the company’s stock valued at $1,647,000 after purchasing an additional 181 shares during the last quarter. Arrien Investments Inc. grew its holdings in shares of iShares U.S. Infrastructure ETF by 0.6% during the third quarter. Arrien Investments Inc. now owns 32,675 shares of the company’s stock worth $1,798,000 after purchasing an additional 198 shares during the last quarter. Kintra Wealth LLC lifted its stake in iShares U.S. Infrastructure ETF by 2.7% in the second quarter. Kintra Wealth LLC now owns 7,979 shares of the company’s stock valued at $490,000 after buying an additional 207 shares during the last quarter. Finally, Concurrent Investment Advisors LLC grew its position in iShares U.S. Infrastructure ETF by 1.0% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 22,817 shares of the company’s stock worth $1,438,000 after purchasing an additional 215 shares during the last quarter.

About iShares U.S. Infrastructure ETF

The iShares U.S. Infrastructure ETF (IFRA) is an exchange-traded fund that is based on the NYSE FactSet U.S. Infrastructure index. The fund tracks an index of US-listed infrastructure companies that derive a significant portion of their revenue from within the US. IFRA was launched on Apr 3, 2018 and is managed by BlackRock.