Global Infrastructure Active ETF (NASDAQ:RIFR – Get Free Report) was the target of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 1,416 shares, a decrease of 41.5% from the September 30th total of 2,422 shares. Based on an average trading volume of 3,833 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the company’s stock are short sold.
Global Infrastructure Active ETF Stock Performance
NASDAQ RIFR remained flat at $29.40 during trading hours on Tuesday. The company had a trading volume of 4,642 shares, compared to its average volume of 5,154. The stock has a fifty day simple moving average of $27.96 and a 200-day simple moving average of $28.21. Global Infrastructure Active ETF has a 1 year low of $25.49 and a 1 year high of $29.44.
Institutional Trading of Global Infrastructure Active ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its stake in Global Infrastructure Active ETF by 7.4% in the second quarter. Envestnet Asset Management Inc. now owns 573,006 shares of the company’s stock valued at $16,324,000 after acquiring an additional 39,684 shares during the last quarter. Arkadios Wealth Advisors increased its stake in shares of Global Infrastructure Active ETF by 28.9% during the 1st quarter. Arkadios Wealth Advisors now owns 346,731 shares of the company’s stock worth $9,716,000 after purchasing an additional 77,824 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of Global Infrastructure Active ETF by 14.3% during the 1st quarter. Cetera Investment Advisers now owns 196,100 shares of the company’s stock worth $5,495,000 after purchasing an additional 24,604 shares during the last quarter. Finally, Baird Financial Group Inc. increased its stake in shares of Global Infrastructure Active ETF by 31.8% during the 2nd quarter. Baird Financial Group Inc. now owns 60,491 shares of the company’s stock worth $1,723,000 after purchasing an additional 14,592 shares during the last quarter.
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.
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