FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA – Get Free Report) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totaling 24,355 shares, a drop 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 currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. CX Institutional raised its holdings in FlexShares STOXX Global Broad Infrastructure Index Fund by 1.4% in the third quarter. CX Institutional now owns 78,909 shares of the company’s stock valued at $4,922,000 after buying an additional 1,089 shares during the period. Steph & Co. grew its stake in FlexShares STOXX Global Broad Infrastructure Index Fund by 4.0% during the third quarter. Steph & Co. now owns 68,808 shares of the company’s stock worth $4,292,000 after buying an additional 2,670 shares during the period. Park National Corp OH purchased a new stake in FlexShares STOXX Global Broad Infrastructure Index Fund during the third quarter worth approximately $3,078,000. Bessemer Group Inc. increased its position in shares of 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 acquiring an additional 16,775 shares in the last quarter. Finally, Valeo Financial Advisors LLC acquired a new stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund in the third quarter worth $392,000.
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 during trading on Tuesday, hitting $63.23. 43,632 shares of the company were exchanged, compared to its average volume of 78,501. FlexShares STOXX Global Broad Infrastructure Index Fund has a fifty-two week low of $59.60 and a fifty-two week high of $67.36. The firm has a 50 day moving average price of $64.86 and a 200 day moving average price of $65.04. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 18.12 and a beta of 0.67.
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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