iShares International Developed Real Estate ETF (NASDAQ:IFGL) Sees Large Increase in Short Interest

iShares International Developed Real Estate ETF (NASDAQ:IFGL) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 62,047 shares, an increase of 230.8% from the September 15th total of 18,758 shares. Based on an average daily trading volume, of 16,516 shares, the days-to-cover ratio is presently 3.8 days. Approximately 1.7% of the company’s shares are short sold.

iShares International Developed Real Estate ETF Price Performance

NASDAQ IFGL traded up $0.10 during mid-day trading on Tuesday, reaching $20.45. 3,186 shares of the stock were exchanged, compared to its average volume of 12,589. iShares International Developed Real Estate ETF has a one year low of $20.19 and a one year high of $25.59. The stock has a 50 day simple moving average of $21.89 and a 200-day simple moving average of $22.55. The stock has a market cap of $75.65 million, a P/E ratio of 20.34 and a beta of 0.79.

iShares International Developed Real Estate ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were issued a dividend of $0.2020 per share. This represents a $0.81 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Tuesday, September 15th. This is a decrease from iShares International Developed Real Estate ETF’s previous quarterly dividend of $0.3198.

About iShares International Developed Real Estate ETF

The iShares International Developed Real Estate ETF (IFGL) is an exchange-traded fund that is based on the FTSE EPRA Nareit Developed x US index, a market-cap-weighted index of companies that own or develop real estate throughout the developed world, excluding the United States. IFGL was launched on Nov 12, 2007 and is managed by BlackRock.