iShares U.S. Infrastructure ETF (BATS:IFRA) Short Interest Down 55.5% in July

iShares U.S. Infrastructure ETF (BATS:IFRA) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 240,130 shares, a drop of 55.5% from the June 30th total of 540,028 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 388,977 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Investors Weigh In On iShares U.S. Infrastructure ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC purchased a new stake in iShares U.S. Infrastructure ETF during the 4th quarter valued at about $26,000. Merkkuri Wealth Advisors LLC purchased a new position in iShares U.S. Infrastructure ETF in the 1st quarter worth approximately $26,000. Bayban bought a new stake in iShares U.S. Infrastructure ETF in the fourth quarter valued at approximately $27,000. High Point Wealth Management LLC bought a new stake in iShares U.S. Infrastructure ETF in the fourth quarter valued at approximately $28,000. Finally, Smartleaf Asset Management LLC purchased a new stake in shares of iShares U.S. Infrastructure ETF during the fourth quarter valued at approximately $28,000.

iShares U.S. Infrastructure ETF Stock Down 2.3%

iShares U.S. Infrastructure ETF stock opened at $59.98 on Thursday. The company has a market capitalization of $3.23 billion, a PE ratio of 19.30 and a beta of 0.98. The firm has a fifty day simple moving average of $61.74 and a two-hundred day simple moving average of $59.79. iShares U.S. Infrastructure ETF has a twelve month low of $49.49 and a twelve month high of $64.25.

iShares U.S. Infrastructure ETF Company Profile

The iShares U.S. Infrastructure ETF (IFRA) is an exchange-traded fund that is based on the NYSE FactSet U.S. Infrastructure index. The fund tracks an index of US-listed infrastructure companies that derive a significant portion of their revenue from within the US. IFRA was launched on Apr 3, 2018 and is managed by BlackRock.