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

FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) was the target of a significant decrease in short interest in October. As of October 30th, there was short interest totaling 13,541 shares, a decrease of 77.9% from the October 15th total of 61,401 shares. Based on an average trading volume of 56,300 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

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

Hedge funds have recently modified their holdings of the company. NBT Bank N.A. acquired a new stake in FlexShares STOXX Global Broad Infrastructure Index Fund during the third quarter worth approximately $6,603,000. CX Institutional raised its holdings in FlexShares STOXX Global Broad Infrastructure Index Fund by 1.4% in the 3rd quarter. CX Institutional now owns 78,909 shares of the company’s stock valued at $4,922,000 after acquiring an additional 1,089 shares during the last quarter. Steph & Co. lifted its stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 4.0% during the 3rd quarter. Steph & Co. now owns 68,808 shares of the company’s stock worth $4,292,000 after purchasing an additional 2,670 shares during the period. Park National Corp OH purchased a new position in shares of FlexShares STOXX Global Broad Infrastructure Index Fund during the 3rd quarter worth $3,078,000. Finally, Bessemer Group Inc. lifted its stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 56.6% during the 1st quarter. Bessemer Group Inc. now owns 46,432 shares of the company’s stock worth $2,970,000 after purchasing an additional 16,775 shares during the period.

FlexShares STOXX Global Broad Infrastructure Index Fund Stock Up 0.6%

NFRA opened at $65.53 on Thursday. The firm has a market cap of $3.10 billion, a P/E ratio of 17.48 and a beta of 0.67. The business’s fifty day simple moving average is $64.11 and its 200 day simple moving average is $64.85. FlexShares STOXX Global Broad Infrastructure Index Fund has a 52 week low of $59.60 and a 52 week high of $67.36.

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.