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

FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) saw a large drop in short interest in June. As of June 15th, there was short interest totaling 123,996 shares, a drop of 37.9% from the May 31st total of 199,606 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average trading volume of 56,993 shares, the days-to-cover ratio is currently 2.2 days.

FlexShares STOXX Global Broad Infrastructure Index Fund Stock Up 1.6%

Shares of NFRA stock traded up $1.01 during trading on Thursday, reaching $64.44. The company’s stock had a trading volume of 36,552 shares, compared to its average volume of 82,476. FlexShares STOXX Global Broad Infrastructure Index Fund has a one year low of $59.60 and a one year high of $67.36. The business has a fifty day moving average price of $65.39 and a 200-day moving average price of $64.04. The company has a market cap of $2.96 billion, a price-to-earnings ratio of 18.12 and a beta of 0.67.

Hedge Funds Weigh In On FlexShares STOXX Global Broad Infrastructure Index Fund

Several hedge funds have recently modified their holdings of NFRA. JPMorgan Chase & Co. raised its holdings in FlexShares STOXX Global Broad Infrastructure Index Fund by 1,165.2% during 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 increased its position in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 572.2% during the 1st quarter. Jones Financial Companies Lllp now owns 3,576 shares of the company’s stock worth $206,000 after purchasing an additional 3,044 shares during the last quarter. Douglass Winthrop Advisors LLC bought a new stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund during the 3rd quarter worth approximately $316,000. Flow Traders U.S. LLC acquired a new stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund in the 3rd quarter valued at approximately $426,000. Finally, BOKF NA grew its stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 379.9% in the third quarter. BOKF NA now owns 7,175 shares of the company’s stock valued at $451,000 after buying an additional 5,680 shares in the last quarter.

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.