iShares U.S. Infrastructure ETF (BATS:IFRA) Sees Significant Drop in Short Interest

iShares U.S. Infrastructure ETF (BATS:IFRA) saw a large drop in short interest in July. As of July 15th, there was short interest totaling 240,130 shares, a drop of 55.5% from the June 30th total of 540,028 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 388,977 shares, the short-interest ratio is currently 0.6 days.

iShares U.S. Infrastructure ETF Stock Down 1.3%

iShares U.S. Infrastructure ETF stock opened at $61.89 on Tuesday. iShares U.S. Infrastructure ETF has a 52-week low of $49.49 and a 52-week high of $64.25. The firm has a market capitalization of $3.33 billion, a price-to-earnings ratio of 19.30 and a beta of 0.98. The company has a fifty day simple moving average of $61.71 and a 200-day simple moving average of $59.69.

Hedge Funds Weigh In On iShares U.S. Infrastructure ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC purchased a new stake in iShares U.S. Infrastructure ETF during the 4th quarter valued at about $26,000. Merkkuri Wealth Advisors LLC acquired a new position in shares of iShares U.S. Infrastructure ETF during the 1st quarter worth approximately $26,000. Bayban acquired a new position in shares of iShares U.S. Infrastructure ETF during the 4th quarter worth approximately $27,000. High Point Wealth Management LLC purchased a new stake in shares of iShares U.S. Infrastructure ETF in the fourth quarter valued at approximately $28,000. Finally, Smartleaf Asset Management LLC purchased a new stake in shares of iShares U.S. Infrastructure ETF in the fourth quarter valued at approximately $28,000.

About iShares U.S. Infrastructure ETF

The iShares U.S. Infrastructure ETF (IFRA) is an exchange-traded fund that is based on the NYSE FactSet U.S. Infrastructure index. The fund tracks an index of US-listed infrastructure companies that derive a significant portion of their revenue from within the US. IFRA was launched on Apr 3, 2018 and is managed by BlackRock.