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

FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) saw a large decline in short interest in the month of October. As of October 30th, there was short interest totaling 13,541 shares, a decline of 77.9% from the October 15th total of 61,401 shares. Based on an average daily volume of 56,300 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. United Southern Bank Trust Department purchased a new stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund in the third quarter worth about $51,000. Harbour Investments Inc. bought a new position in shares of FlexShares STOXX Global Broad Infrastructure Index Fund in the third quarter valued at approximately $99,000. BOKF NA bought a new position in shares of FlexShares STOXX Global Broad Infrastructure Index Fund in the third quarter valued at approximately $122,000. Valeo Financial Advisors LLC purchased a new position in FlexShares STOXX Global Broad Infrastructure Index Fund during the third quarter valued at approximately $392,000. Finally, Whittier Trust Co. grew its stake in FlexShares STOXX Global Broad Infrastructure Index Fund by 59.3% during the third quarter. Whittier Trust Co. now owns 15,168 shares of the company’s stock valued at $950,000 after acquiring an additional 5,645 shares in the last quarter.

FlexShares STOXX Global Broad Infrastructure Index Fund Stock Down 0.1%

NFRA traded down $0.07 during trading on Friday, reaching $65.47. 42,246 shares of the company were exchanged, compared to its average volume of 75,794. The company’s 50-day moving average is $64.11 and its two-hundred day moving average is $64.90. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 17.48 and a beta of 0.67. FlexShares STOXX Global Broad Infrastructure Index Fund has a 12-month low of $59.60 and a 12-month 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.