Global Infrastructure Active ETF (NASDAQ:RIFR) Sees Large Decline in Short Interest

Global Infrastructure Active ETF (NASDAQ:RIFR) was the target of a significant drop in short interest in March. As of March 13th, there was short interest totaling 9,282 shares, a drop of 12.9% from the February 26th total of 10,652 shares. Based on an average daily trading volume, of 3,756 shares, the days-to-cover ratio is currently 2.5 days. Approximately 0.8% of the company’s stock are short sold.

Global Infrastructure Active ETF Trading Up 0.3%

Shares of RIFR stock opened at $28.11 on Thursday. The company has a fifty day moving average price of $27.95 and a two-hundred day moving average price of $26.64. Global Infrastructure Active ETF has a one year low of $24.13 and a one year high of $29.27.

Institutional Investors Weigh In On Global Infrastructure Active ETF

Several hedge funds have recently bought and sold shares of RIFR. Arkadios Wealth Advisors bought a new position in shares of Global Infrastructure Active ETF during the 4th quarter worth approximately $6,934,000. Envestnet Asset Management Inc. raised its stake in Global Infrastructure Active ETF by 59.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 463,646 shares of the company’s stock valued at $12,039,000 after acquiring an additional 172,308 shares during the period. Jane Street Group LLC acquired a new stake in Global Infrastructure Active ETF during the 2nd quarter valued at $588,000. LPL Financial LLC lifted its holdings in Global Infrastructure Active ETF by 9.0% during the 4th quarter. LPL Financial LLC now owns 239,139 shares of the company’s stock valued at $6,167,000 after purchasing an additional 19,808 shares during the last quarter. Finally, Flow Traders U.S. LLC bought a new position in Global Infrastructure Active ETF during the second quarter worth $427,000.

About Global Infrastructure Active ETF

Russell Investments Exchange Traded Funds – Global Infrastructure Active ETF is an open-end equity mutual fund launched and managed by Russell Investment Management, LLC . The fund is co-managed by Cohen & Steers Capital Management, Inc, Cohen & Steers UK Limited, Cohen & Steers Asia Limited and First Sentier Investors (Australia) IM Ltd. It invests in public equity markets of global region. The fund invests directly and through other funds in stocks of companies operating across ownership or operation of infrastructure assets, such as the physical structures, networks and systems of transportation, energy, water and sewage, medical facilities, government facilities and communication assets sectors.