Short Interest in Global Infrastructure Active ETF (NASDAQ:RIFR) Drops By 25.3%
by Mitch Edgeman · The Markets DailyGlobal Infrastructure Active ETF (NASDAQ:RIFR – Get Free Report) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 13,017 shares, a decrease of 25.3% from the December 15th total of 17,430 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average trading volume of 3,350 shares, the days-to-cover ratio is currently 3.9 days. Based on an average trading volume of 3,350 shares, the days-to-cover ratio is currently 3.9 days. Currently, 1.1% of the company’s shares are sold short.
Global Infrastructure Active ETF Stock Performance
RIFR stock traded up $0.19 during midday trading on Friday, reaching $26.17. The company’s stock had a trading volume of 5,185 shares, compared to its average volume of 4,953. Global Infrastructure Active ETF has a 1 year low of $24.13 and a 1 year high of $26.55. The stock has a fifty day simple moving average of $25.96 and a two-hundred day simple moving average of $25.76.
Global Infrastructure Active ETF Announces Dividend
The firm also recently announced an annual dividend, which was paid on Friday, December 19th. Shareholders of record on Wednesday, December 17th were issued a dividend of $0.2518 per share. This represents a yield of 98.0%. The ex-dividend date was Wednesday, December 17th.
Institutional Trading of Global Infrastructure Active ETF
Several hedge funds have recently modified their holdings of RIFR. Benjamin Edwards Inc. boosted its stake in Global Infrastructure Active ETF by 10.6% in the third quarter. Benjamin Edwards Inc. now owns 11,841 shares of the company’s stock valued at $307,000 after acquiring an additional 1,133 shares in the last quarter. Truist Financial Corp acquired a new position in Global Infrastructure Active ETF in the second quarter valued at approximately $286,000. Citadel Advisors LLC acquired a new stake in Global Infrastructure Active ETF during the third quarter valued at $354,000. Flow Traders U.S. LLC purchased a new position in shares of Global Infrastructure Active ETF in the 2nd quarter valued at about $427,000. Finally, Jane Street Group LLC acquired a new position in shares of Global Infrastructure Active ETF during the 2nd quarter worth approximately $588,000.
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.