FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA – Get Free Report) was the recipient of a significant increase in short interest during 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. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 73,722 shares, the days-to-cover ratio is presently 0.7 days.
Institutional Investors Weigh In On FlexShares STOXX Global Broad Infrastructure Index Fund
A hedge fund recently raised its position in FlexShares STOXX Global Broad Infrastructure Index Fund stock. Bessemer Group Inc. lifted its stake in FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA – Free Report) by 56.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 46,432 shares of the company’s stock after purchasing an additional 16,775 shares during the quarter. Bessemer Group Inc. owned 0.10% of FlexShares STOXX Global Broad Infrastructure Index Fund worth $2,970,000 as of its most recent filing with the Securities & Exchange Commission.
FlexShares STOXX Global Broad Infrastructure Index Fund Stock Performance
Shares of NYSEARCA NFRA traded down $0.56 during trading on Monday, hitting $62.94. The company had a trading volume of 419,348 shares, compared to its average volume of 77,988. FlexShares STOXX Global Broad Infrastructure Index Fund has a 52 week low of $59.60 and a 52 week high of $67.36. The business’s 50-day moving average is $65.39 and its 200 day moving average is $65.13. The company has a market cap of $2.98 billion, a P/E 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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