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

by · The Markets Daily

FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA – Get Free Report) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totaling 24,355 shares, a decline of 53.8% from the September 15th total of 52,668 shares. Based on an average daily trading volume, of 97,533 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

FlexShares STOXX Global Broad Infrastructure Index Fund Stock Up 0.4%

Shares of FlexShares STOXX Global Broad Infrastructure Index Fund stock traded up $0.24 on Tuesday, hitting $63.23. 43,632 shares of the company traded hands, compared to its average volume of 78,501. FlexShares STOXX Global Broad Infrastructure Index Fund has a 12-month low of $59.60 and a 12-month high of $67.36. The company has a market cap of $2.99 billion, a PE ratio of 18.12 and a beta of 0.67. The company has a 50-day moving average price of $64.86 and a 200 day moving average price of $65.04.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of NFRA. Park National Corp OH acquired a new stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund in the 3rd quarter valued at $3,078,000. Bessemer Group Inc. boosted its holdings in FlexShares STOXX Global Broad Infrastructure Index Fund by 56.6% in the first quarter. Bessemer Group Inc. now owns 46,432 shares of the company’s stock worth $2,970,000 after purchasing an additional 16,775 shares in the last quarter. Valeo Financial Advisors LLC bought a new stake in FlexShares STOXX Global Broad Infrastructure Index Fund in the third quarter worth $392,000. Steph & Co. increased its position in FlexShares STOXX Global Broad Infrastructure Index Fund by 8.5% during the first quarter. Steph & Co. now owns 63,688 shares of the company’s stock worth $4,073,000 after buying an additional 4,978 shares during the last quarter. Finally, CX Institutional increased its position in FlexShares STOXX Global Broad Infrastructure Index Fund by 1.4% during the third quarter. CX Institutional now owns 78,909 shares of the company’s stock worth $4,922,000 after buying an additional 1,089 shares during the last quarter.

About FlexShares STOXX Global Broad Infrastructure Index Fund

(Get Free Report)

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.

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