Short Interest in FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) Rises By 62.9%

FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) was the target of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 25,706 shares, an increase of 62.9% from the February 26th total of 15,782 shares. Based on an average daily volume of 49,353 shares, the short-interest ratio is currently 0.5 days. Currently, 0.1% of the shares of the stock are sold short.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. CX Institutional increased its stake in FlexShares STOXX Global Broad Infrastructure Index Fund by 6.7% in the 4th quarter. CX Institutional now owns 182,381 shares of the company’s stock worth $11,036,000 after purchasing an additional 11,391 shares in the last quarter. Park National Corp OH lifted its stake in FlexShares STOXX Global Broad Infrastructure Index Fund by 6.4% during the fourth quarter. Park National Corp OH now owns 71,391 shares of the company’s stock valued at $4,320,000 after buying an additional 4,288 shares in the last quarter. Steph & Co. lifted its stake in FlexShares STOXX Global Broad Infrastructure Index Fund by 0.3% during the fourth quarter. Steph & Co. now owns 58,710 shares of the company’s stock valued at $3,553,000 after buying an additional 199 shares in the last quarter. Missouri Trust & Investment Co boosted its holdings in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 4.3% in the third quarter. Missouri Trust & Investment Co now owns 46,246 shares of the company’s stock worth $2,910,000 after buying an additional 1,903 shares during the period. Finally, Dorsey & Whitney Trust CO LLC boosted its holdings in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 10.0% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 36,227 shares of the company’s stock worth $2,192,000 after buying an additional 3,294 shares during the period.

FlexShares STOXX Global Broad Infrastructure Index Fund Price Performance

Shares of NYSEARCA:NFRA traded down $0.22 on Friday, reaching $62.81. 33,438 shares of the company traded hands, compared to its average volume of 98,448. The stock has a market capitalization of $2.97 billion, a PE ratio of 18.12 and a beta of 0.75. The company’s 50 day moving average is $64.14 and its 200-day moving average is $62.90. FlexShares STOXX Global Broad Infrastructure Index Fund has a fifty-two week low of $53.01 and a fifty-two week high of $67.36.

FlexShares STOXX Global Broad Infrastructure Index Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Friday, March 20th were issued a dividend of $0.1566 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, March 20th.

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.