FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) Short Interest Update

FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) was the recipient of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 25,706 shares, an increase of 62.9% from the February 26th total of 15,782 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 49,353 shares, the days-to-cover ratio is presently 0.5 days.

FlexShares STOXX Global Broad Infrastructure Index Fund Stock Down 0.3%

NFRA stock traded down $0.22 during trading on Friday, reaching $62.81. 33,438 shares of the company’s stock were exchanged, compared to its average volume of 98,448. FlexShares STOXX Global Broad Infrastructure Index Fund has a 1-year low of $53.01 and a 1-year high of $67.36. The company’s fifty day moving average price is $64.14 and its 200-day moving average price is $62.90. The firm has a market cap of $2.97 billion, a PE ratio of 18.12 and a beta of 0.75.

FlexShares STOXX Global Broad Infrastructure Index Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Friday, March 20th were paid a dividend of $0.1566 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, March 20th.

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

Several institutional investors have recently bought and sold shares of the stock. CoreCap Advisors LLC grew its position in FlexShares STOXX Global Broad Infrastructure Index Fund by 10.8% in the 3rd quarter. CoreCap Advisors LLC now owns 1,716 shares of the company’s stock valued at $108,000 after buying an additional 167 shares in the last quarter. Steph & Co. raised its position in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 0.3% during the 4th quarter. Steph & Co. now owns 58,710 shares of the company’s stock worth $3,553,000 after buying an additional 199 shares in the last quarter. Perkins Coie Trust Co acquired a new stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund in the 3rd quarter worth approximately $32,000. JPMorgan Chase & Co. lifted its stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 1,165.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 835 shares of the company’s stock worth $53,000 after acquiring an additional 769 shares during the period. Finally, Transcend Capital Advisors LLC boosted its holdings in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 8.0% in the fourth quarter. Transcend Capital Advisors LLC now owns 14,896 shares of the company’s stock valued at $901,000 after acquiring an additional 1,102 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.