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

FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 24,355 shares, a decrease of 53.8% from the September 15th total of 52,668 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 97,533 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On FlexShares STOXX Global Broad Infrastructure Index Fund

Several hedge funds have recently bought and sold shares of NFRA. Valeo Financial Advisors LLC bought a new stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund during the third quarter worth approximately $392,000. Bessemer Group Inc. grew its position in shares of 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 purchasing an additional 16,775 shares during the last quarter. Park National Corp OH bought a new position in shares of FlexShares STOXX Global Broad Infrastructure Index Fund during the third quarter worth approximately $3,078,000. Steph & Co. increased its stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 8.5% during the first quarter. Steph & Co. now owns 63,688 shares of the company’s stock worth $4,073,000 after purchasing an additional 4,978 shares during the period. Finally, CX Institutional increased its stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 1.4% during the third quarter. CX Institutional now owns 78,909 shares of the company’s stock worth $4,922,000 after purchasing an additional 1,089 shares during the period.

FlexShares STOXX Global Broad Infrastructure Index Fund Stock Down 0.7%

Shares of NYSEARCA NFRA traded down $0.44 during mid-day trading on Wednesday, reaching $62.78. 25,395 shares of the company were exchanged, compared to its average volume of 78,363. The company’s 50-day simple moving average is $64.75 and its 200-day simple moving average is $65.04. The stock has a market capitalization of $2.97 billion, a P/E ratio of 18.12 and a beta of 0.67. FlexShares STOXX Global Broad Infrastructure Index Fund has a twelve month low of $59.60 and a twelve month high of $67.36.

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.