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

FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totaling 208,216 shares, a growth of 4,761.5% from the April 30th total of 4,283 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily volume of 63,468 shares, the days-to-cover ratio is presently 3.3 days.

FlexShares STOXX Global Broad Infrastructure Index Fund Stock Performance

Shares of NYSEARCA NFRA traded down $0.53 during mid-day trading on Friday, reaching $65.86. The company had a trading volume of 23,326 shares, compared to its average volume of 79,498. The stock has a fifty day moving average of $64.94 and a two-hundred day moving average of $63.59. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of 18.12 and a beta of 0.68. FlexShares STOXX Global Broad Infrastructure Index Fund has a 12-month low of $59.60 and a 12-month high of $67.36.

Hedge Funds Weigh In On FlexShares STOXX Global Broad Infrastructure Index Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Steph & Co. grew its stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 8.5% in the first quarter. Steph & Co. now owns 63,688 shares of the company’s stock worth $4,073,000 after acquiring an additional 4,978 shares during the last quarter. CX Institutional lifted its holdings in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 6.7% during the fourth quarter. CX Institutional now owns 182,381 shares of the company’s stock valued at $11,036,000 after acquiring an additional 11,391 shares during the period. Transcend Capital Advisors LLC raised 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 buying an additional 1,102 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 1,165.2% in the third quarter. JPMorgan Chase & Co. now owns 835 shares of the company’s stock valued at $53,000 after buying an additional 769 shares during the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in FlexShares STOXX Global Broad Infrastructure Index Fund in the third quarter worth about $426,000.

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.