Global Infrastructure Active ETF (NASDAQ:RIFR) Sees Significant Decline in Short Interest

Global Infrastructure Active ETF (NASDAQ:RIFR) was the recipient of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 12,988 shares, a decrease of 55.9% from the June 30th total of 29,453 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average trading volume of 3,140 shares, the short-interest ratio is currently 4.1 days.

Global Infrastructure Active ETF Price Performance

Shares of RIFR traded up $0.10 during midday trading on Tuesday, hitting $29.07. The company had a trading volume of 646 shares, compared to its average volume of 5,491. The company’s 50 day moving average price is $28.60 and its 200 day moving average price is $28.13. Global Infrastructure Active ETF has a 52 week low of $25.07 and a 52 week high of $29.30.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Benjamin Edwards Inc. acquired a new stake in shares of Global Infrastructure Active ETF during the second quarter worth $270,000. Truist Financial Corp boosted its holdings in shares of Global Infrastructure Active ETF by 3.6% in the 4th quarter. Truist Financial Corp now owns 11,325 shares of the company’s stock valued at $292,000 after buying an additional 392 shares during the period. Jane Street Group LLC bought a new stake in shares of Global Infrastructure Active ETF during the 4th quarter valued at about $322,000. Citadel Advisors LLC bought a new stake in shares of Global Infrastructure Active ETF during the 3rd quarter valued at about $354,000. Finally, Rothschild Investment LLC acquired a new stake in Global Infrastructure Active ETF during the fourth quarter worth about $389,000.

About Global Infrastructure Active ETF

Russell Investments Exchange Traded Funds – Global Infrastructure Active ETF is an open-end equity mutual fund launched and managed by Russell Investment Management, LLC . The fund is co-managed by Cohen & Steers Capital Management, Inc, Cohen & Steers UK Limited, Cohen & Steers Asia Limited and First Sentier Investors (Australia) IM Ltd. It invests in public equity markets of global region. The fund invests directly and through other funds in stocks of companies operating across ownership or operation of infrastructure assets, such as the physical structures, networks and systems of transportation, energy, water and sewage, medical facilities, government facilities and communication assets sectors.