iShares Emerging Markets Infrastructure ETF (NASDAQ:EMIF) Sees Large Drop in Short Interest

iShares Emerging Markets Infrastructure ETF (NASDAQ:EMIF) saw a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 595 shares, a drop of 89.2% from the February 26th total of 5,493 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 3,749 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 3,749 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the company’s shares are sold short.

iShares Emerging Markets Infrastructure ETF Price Performance

NASDAQ EMIF traded down $0.04 during trading on Tuesday, hitting $28.12. 5,169 shares of the company’s stock traded hands, compared to its average volume of 6,564. The stock has a fifty day moving average of $28.93 and a two-hundred day moving average of $27.28. iShares Emerging Markets Infrastructure ETF has a 12-month low of $19.51 and a 12-month high of $30.79. The firm has a market cap of $9.84 million, a P/E ratio of 10.93 and a beta of 0.59.

Institutional Investors Weigh In On iShares Emerging Markets Infrastructure ETF

An institutional investor recently bought a new position in iShares Emerging Markets Infrastructure ETF stock. Jones Financial Companies Lllp bought a new stake in shares of iShares Emerging Markets Infrastructure ETF (NASDAQ:EMIF) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,207 shares of the company’s stock, valued at approximately $237,000. Jones Financial Companies Lllp owned 3.74% of iShares Emerging Markets Infrastructure ETF at the end of the most recent reporting period.

About iShares Emerging Markets Infrastructure ETF

iShares Emerging Markets Infrastructure ETF (the Fund), formerly iShares S&P Emerging Markets Infrastructure Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Emerging Markets Infrastructure Index (the Index). The Index is designed to track performance of 30 of the largest publicly listed companies in the infrastructure industry in the emerging markets. The Index includes three distinct infrastructure sub-sectors: energy, transportation and utilities.