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

FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 208,216 shares, an increase of 4,761.5% from the April 30th total of 4,283 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 63,468 shares, the days-to-cover ratio is currently 3.3 days.

Institutional Trading of FlexShares STOXX Global Broad Infrastructure Index Fund

Several hedge funds have recently modified their holdings of NFRA. JPMorgan Chase & Co. lifted its position in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 1,165.2% during the third quarter. JPMorgan Chase & Co. now owns 835 shares of the company’s stock valued at $53,000 after buying an additional 769 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 572.2% during the first quarter. Jones Financial Companies Lllp now owns 3,576 shares of the company’s stock valued at $206,000 after buying an additional 3,044 shares during the last quarter. Douglass Winthrop Advisors LLC purchased a new stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund during the third quarter valued at about $316,000. Flow Traders U.S. LLC purchased a new stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund during the third quarter valued at about $426,000. Finally, BOKF NA lifted its position in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 379.9% during the third quarter. BOKF NA now owns 7,175 shares of the company’s stock valued at $451,000 after buying an additional 5,680 shares during the last quarter.

FlexShares STOXX Global Broad Infrastructure Index Fund Stock Performance

NFRA stock opened at $66.54 on Thursday. The firm has a market cap of $3.09 billion, a price-to-earnings ratio of 18.12 and a beta of 0.68. The firm has a 50-day simple moving average of $64.91 and a two-hundred day simple moving average of $63.56. FlexShares STOXX Global Broad Infrastructure Index Fund has a one year low of $59.60 and a one year high of $67.36.

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.