Short Interest in iShares International Developed Real Estate ETF (NASDAQ:IFGL) Declines By 54.0%

iShares International Developed Real Estate ETF (NASDAQ:IFGL) was the recipient of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 21,600 shares, a decline of 54.0% from the January 31st total of 47,000 shares. Based on an average daily trading volume, of 29,900 shares, the short-interest ratio is currently 0.7 days.

Institutional Trading of iShares International Developed Real Estate ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Heartland Bank & Trust Co acquired a new position in iShares International Developed Real Estate ETF during the 4th quarter worth $3,282,000. SBI Securities Co. Ltd. acquired a new stake in shares of iShares International Developed Real Estate ETF in the 4th quarter valued at about $248,000. JPMorgan Chase & Co. lifted its position in shares of iShares International Developed Real Estate ETF by 960.1% during the third quarter. JPMorgan Chase & Co. now owns 5,576 shares of the company’s stock worth $127,000 after purchasing an additional 5,050 shares during the last quarter. Family Firm Inc. grew its stake in iShares International Developed Real Estate ETF by 2.2% in the fourth quarter. Family Firm Inc. now owns 148,414 shares of the company’s stock worth $2,864,000 after purchasing an additional 3,237 shares in the last quarter. Finally, Ariadne Wealth Management LP increased its holdings in iShares International Developed Real Estate ETF by 12.9% in the fourth quarter. Ariadne Wealth Management LP now owns 14,720 shares of the company’s stock valued at $293,000 after buying an additional 1,680 shares during the last quarter.

iShares International Developed Real Estate ETF Price Performance

IFGL traded down $0.11 on Friday, reaching $19.66. The company’s stock had a trading volume of 10,481 shares, compared to its average volume of 22,164. iShares International Developed Real Estate ETF has a 1 year low of $18.63 and a 1 year high of $23.18. The business’s 50 day moving average is $19.58 and its 200 day moving average is $20.74. The stock has a market cap of $88.47 million, a price-to-earnings ratio of 11.98 and a beta of 0.83.

iShares International Developed Real Estate ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were given a dividend of $0.2122 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This is an increase from iShares International Developed Real Estate ETF’s previous dividend of $0.21.

About iShares International Developed Real Estate ETF

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.