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

FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) was the recipient of a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 47,045 shares, a drop of 21.1% from the January 15th total of 59,635 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 67,770 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 67,770 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in NFRA. Rossby Financial LCC purchased a new stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund in the 4th quarter valued at about $714,000. Dorsey & Whitney Trust CO LLC lifted its position in FlexShares STOXX Global Broad Infrastructure Index Fund by 10.0% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 36,227 shares of the company’s stock worth $2,192,000 after buying an additional 3,294 shares during the last quarter. CX Institutional boosted its stake in FlexShares STOXX Global Broad Infrastructure Index Fund by 6.7% in the fourth quarter. CX Institutional now owns 182,381 shares of the company’s stock worth $11,036,000 after buying an additional 11,391 shares in the last quarter. Steph & Co. grew its position in FlexShares STOXX Global Broad Infrastructure Index Fund by 0.3% during the fourth quarter. Steph & Co. now owns 58,710 shares of the company’s stock valued at $3,553,000 after acquiring an additional 199 shares during the last quarter. Finally, Transcend Capital Advisors LLC grew its position in FlexShares STOXX Global Broad Infrastructure Index Fund by 8.0% during the fourth quarter. Transcend Capital Advisors LLC now owns 14,896 shares of the company’s stock valued at $901,000 after acquiring an additional 1,102 shares during the last quarter.

FlexShares STOXX Global Broad Infrastructure Index Fund Price Performance

Shares of NYSEARCA:NFRA traded up $0.36 during trading on Friday, hitting $66.45. 47,612 shares of the company were exchanged, compared to its average volume of 138,237. FlexShares STOXX Global Broad Infrastructure Index Fund has a 52-week low of $53.01 and a 52-week high of $66.61. The stock has a 50 day moving average of $61.70 and a 200 day moving average of $62.31. The company has a market cap of $3.14 billion, a PE ratio of 18.12 and a beta of 0.75.

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.