FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA – Get Free Report) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 52,668 shares, an increase of 138.5% from the August 31st total of 22,087 shares. Based on an average daily volume of 73,722 shares, the short-interest ratio is presently 0.7 days. Currently, 0.1% of the company’s shares are sold short.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in FlexShares STOXX Global Broad Infrastructure Index Fund stock. Bessemer Group Inc. grew its position in FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA – Free Report) by 56.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,432 shares of the company’s stock after acquiring an additional 16,775 shares during the quarter. Bessemer Group Inc. owned about 0.10% of FlexShares STOXX Global Broad Infrastructure Index Fund worth $2,970,000 at the end of the most recent reporting period.
FlexShares STOXX Global Broad Infrastructure Index Fund Price Performance
Shares of NYSEARCA:NFRA traded up $0.14 during trading on Friday, hitting $63.50. The company had a trading volume of 43,342 shares, compared to its average volume of 76,133. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 18.12 and a beta of 0.67. The company has a fifty day simple moving average of $65.43 and a two-hundred day simple moving average of $65.14. FlexShares STOXX Global Broad Infrastructure Index Fund has a one year low of $59.60 and a one year high of $67.36.
About FlexShares STOXX Global Broad Infrastructure Index Fund
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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