iShares International Developed Real Estate ETF (NASDAQ:IFGL) Sees Significant Decline in Short Interest

iShares International Developed Real Estate ETF (NASDAQ:IFGL) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 9,102 shares, a decline of 37.4% from the July 15th total of 14,529 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 10,175 shares, the short-interest ratio is currently 0.9 days.

iShares International Developed Real Estate ETF Stock Performance

IFGL traded down $0.07 during midday trading on Tuesday, reaching $22.62. 7,676 shares of the company were exchanged, compared to its average volume of 11,920. The company has a market cap of $81.43 million, a price-to-earnings ratio of 20.34 and a beta of 0.79. iShares International Developed Real Estate ETF has a one year low of $21.67 and a one year high of $25.59. The company’s fifty day moving average price is $22.63 and its 200 day moving average price is $23.31.

iShares International Developed Real Estate ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were issued a dividend of $0.3198 per share. This represents a $1.28 annualized dividend and a yield of 5.7%. This is an increase from iShares International Developed Real Estate ETF’s previous quarterly dividend of $0.12. The ex-dividend date was Monday, June 15th.

iShares International Developed Real Estate ETF Company Profile

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.