iShares International Developed Real Estate ETF (NASDAQ:IFGL) Sees Large Growth in Short Interest

iShares International Developed Real Estate ETF (NASDAQ:IFGL) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 8,358 shares, a growth of 109.3% from the April 30th total of 3,993 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 7,945 shares, the short-interest ratio is currently 1.1 days.

iShares International Developed Real Estate ETF Stock Performance

NASDAQ IFGL opened at $22.79 on Wednesday. The firm has a market capitalization of $84.32 million, a price-to-earnings ratio of 20.34 and a beta of 0.81. The firm’s 50 day simple moving average is $23.20 and its 200 day simple moving average is $23.51. iShares International Developed Real Estate ETF has a 1 year low of $21.67 and a 1 year high of $25.59.

iShares International Developed Real Estate ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 17th were given a dividend of $0.1196 per share. The ex-dividend date was Tuesday, March 17th. This represents a $0.48 annualized dividend and a dividend yield of 2.1%.

About iShares International Developed Real Estate ETF

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.