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

FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 123,996 shares, a drop of 37.9% from the May 31st total of 199,606 shares. Based on an average trading volume of 56,993 shares, the days-to-cover ratio is presently 2.2 days. Currently, 0.3% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. CX Institutional raised its position in shares of 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. Park National Corp OH increased its stake in FlexShares STOXX Global Broad Infrastructure Index Fund by 6.4% in the 4th quarter. Park National Corp OH now owns 71,391 shares of the company’s stock worth $4,320,000 after acquiring an additional 4,288 shares during the last quarter. Steph & Co. increased its stake in FlexShares STOXX Global Broad Infrastructure Index Fund by 8.5% in the 1st 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. Bessemer Group Inc. raised its holdings in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 56.6% in the 1st quarter. Bessemer Group Inc. now owns 46,432 shares of the company’s stock valued at $2,970,000 after acquiring an additional 16,775 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC raised its holdings in shares of 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 valued at $2,192,000 after acquiring an additional 3,294 shares in the last quarter.

FlexShares STOXX Global Broad Infrastructure Index Fund Stock Performance

FlexShares STOXX Global Broad Infrastructure Index Fund stock remained flat at $64.44 during midday trading on Friday. 36,552 shares of the company were exchanged, compared to its average volume of 82,476. FlexShares STOXX Global Broad Infrastructure Index Fund has a twelve month low of $59.60 and a twelve month high of $67.36. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of 18.12 and a beta of 0.67. The firm has a 50 day simple moving average of $65.39 and a two-hundred day simple moving average of $64.05.

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.