Short Interest in iShares International Developed Real Estate ETF (NASDAQ:IFGL) Drops By 37.4%

iShares International Developed Real Estate ETF (NASDAQ:IFGL) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 9,102 shares, a drop of 37.4% from the July 15th total of 14,529 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 10,175 shares, the days-to-cover ratio is presently 0.9 days.

iShares International Developed Real Estate ETF Stock Performance

iShares International Developed Real Estate ETF stock traded up $0.14 during mid-day trading on Wednesday, reaching $22.71. 1,357 shares of the company were exchanged, compared to its average volume of 11,852. The firm has a market cap of $81.76 million, a P/E ratio of 20.34 and a beta of 0.79. The business has a fifty day moving average of $22.64 and a 200 day moving average of $23.30. iShares International Developed Real Estate ETF has a 12-month low of $21.67 and a 12-month high of $25.59.

iShares International Developed Real Estate ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were given a $0.3198 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend was Monday, June 15th. This is an increase from iShares International Developed Real Estate ETF’s previous quarterly dividend of $0.12.

iShares International Developed Real Estate ETF Company Profile

The iShares International Developed Real Estate ETF (IFGL) is an exchange-traded fund that is based on the FTSE EPRA Nareit Developed x US index, a market-cap-weighted index of companies that own or develop real estate throughout the developed world, excluding the United States. IFGL was launched on Nov 12, 2007 and is managed by BlackRock.