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

FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 61,401 shares, an increase of 152.1% from the September 30th total of 24,355 shares. Based on an average trading volume of 80,617 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On FlexShares STOXX Global Broad Infrastructure Index Fund

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BOKF NA purchased a new stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund in the third quarter worth approximately $122,000. NBT Bank N.A. bought a new position in FlexShares STOXX Global Broad Infrastructure Index Fund during the third quarter worth $6,603,000. Valeo Financial Advisors LLC bought a new stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund in the third quarter valued at about $392,000. Steph & Co. grew its holdings in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 4.0% during the 3rd quarter. Steph & Co. now owns 68,808 shares of the company’s stock worth $4,292,000 after purchasing an additional 2,670 shares in the last quarter. Finally, Park National Corp OH acquired a new position in shares of FlexShares STOXX Global Broad Infrastructure Index Fund in the 3rd quarter valued at $3,078,000.

FlexShares STOXX Global Broad Infrastructure Index Fund Stock Up 0.4%

NYSEARCA NFRA traded up $0.23 on Friday, hitting $64.53. The stock had a trading volume of 62,322 shares, compared to its average volume of 77,193. FlexShares STOXX Global Broad Infrastructure Index Fund has a one year low of $59.60 and a one year high of $67.36. The company’s 50-day moving average is $64.26 and its two-hundred day moving average is $64.67. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of 18.12 and a beta of 0.67.

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.