FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) Sees Significant Decline in Short Interest

FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) was the recipient of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 123,996 shares, a drop of 37.9% from the May 31st total of 199,606 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 56,993 shares, the short-interest ratio is presently 2.2 days.

FlexShares STOXX Global Broad Infrastructure Index Fund Stock Performance

NYSEARCA NFRA opened at $64.44 on Friday. FlexShares STOXX Global Broad Infrastructure Index Fund has a 1-year low of $59.60 and a 1-year high of $67.36. The company has a market capitalization of $2.96 billion, a price-to-earnings ratio of 18.12 and a beta of 0.67. The stock’s 50 day moving average is $65.37 and its two-hundred day moving average is $64.05.

Institutional Trading of FlexShares STOXX Global Broad Infrastructure Index Fund

Several institutional investors have recently bought and sold shares of NFRA. Bessemer Group Inc. grew its position in FlexShares STOXX Global Broad Infrastructure Index Fund by 56.6% in the first quarter. Bessemer Group Inc. now owns 46,432 shares of the company’s stock valued at $2,970,000 after acquiring an additional 16,775 shares during the period. Rossby Financial LCC bought a new position in shares of FlexShares STOXX Global Broad Infrastructure Index Fund during the fourth quarter valued at $714,000. CX Institutional lifted its holdings in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 6.7% during the fourth quarter. CX Institutional now owns 182,381 shares of the company’s stock valued at $11,036,000 after acquiring an additional 11,391 shares during the period. Flow Traders U.S. LLC acquired a new stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund in the 3rd quarter valued at $426,000. Finally, BOKF NA boosted its stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 379.9% in the 3rd quarter. BOKF NA now owns 7,175 shares of the company’s stock valued at $451,000 after purchasing an additional 5,680 shares in the last quarter.

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.