FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA – Get Free Report) was the target of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 45,109 shares, a decrease of 73.3% from the July 15th total of 169,158 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 47,646 shares, the short-interest ratio is currently 0.9 days.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its holdings in FlexShares STOXX Global Broad Infrastructure Index Fund by 1,165.2% in the third quarter. JPMorgan Chase & Co. now owns 835 shares of the company’s stock worth $53,000 after acquiring an additional 769 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 572.2% during the first quarter. Jones Financial Companies Lllp now owns 3,576 shares of the company’s stock worth $206,000 after acquiring an additional 3,044 shares during the last quarter. Flow Traders U.S. LLC acquired a new position in shares of FlexShares STOXX Global Broad Infrastructure Index Fund during the third quarter valued at about $426,000. BOKF NA increased its holdings in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 379.9% during the third quarter. BOKF NA now owns 7,175 shares of the company’s stock valued at $451,000 after acquiring an additional 5,680 shares in the last quarter. Finally, Rossby Financial LCC acquired a new position in shares of FlexShares STOXX Global Broad Infrastructure Index Fund during the fourth quarter valued at about $714,000.
FlexShares STOXX Global Broad Infrastructure Index Fund Trading Up 0.3%
Shares of NFRA traded up $0.23 during midday trading on Friday, hitting $66.31. 51,162 shares of the company’s stock traded hands, compared to its average volume of 74,662. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 18.12 and a beta of 0.67. FlexShares STOXX Global Broad Infrastructure Index Fund has a 1 year low of $59.60 and a 1 year high of $67.36. The firm’s fifty day moving average is $65.18 and its 200-day moving average is $65.04.
FlexShares STOXX Global Broad Infrastructure Index Fund Company Profile
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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