iShares International Developed Real Estate ETF (NASDAQ:IFGL) Sees Significant Drop in Short Interest

iShares International Developed Real Estate ETF (NASDAQ:IFGL) was the target of a large decrease in short interest in February. As of February 28th, there was short interest totalling 10,600 shares, a decrease of 50.9% from the February 13th total of 21,600 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 31,600 shares, the days-to-cover ratio is currently 0.3 days.

iShares International Developed Real Estate ETF Trading Up 1.4 %

NASDAQ IFGL traded up $0.28 during trading on Friday, hitting $19.97. The company had a trading volume of 11,213 shares, compared to its average volume of 18,549. iShares International Developed Real Estate ETF has a one year low of $18.63 and a one year high of $23.18. The company has a market cap of $89.84 million, a price-to-earnings ratio of 18.41 and a beta of 0.83. The company’s fifty day moving average is $19.67 and its 200-day moving average is $20.61.

iShares International Developed Real Estate ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were issued a $0.2122 dividend. The ex-dividend date was Tuesday, December 17th. This is a positive change from iShares International Developed Real Estate ETF’s previous dividend of $0.21.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Ariadne Wealth Management LP increased its stake in shares of iShares International Developed Real Estate ETF by 12.9% in the 4th quarter. Ariadne Wealth Management LP now owns 14,720 shares of the company’s stock worth $293,000 after acquiring an additional 1,680 shares in the last quarter. Family Firm Inc. increased its stake in shares of iShares International Developed Real Estate ETF by 2.2% in the 4th quarter. Family Firm Inc. now owns 148,414 shares of the company’s stock worth $2,864,000 after acquiring an additional 3,237 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of iShares International Developed Real Estate ETF in the 4th quarter worth about $248,000. Heartland Bank & Trust Co bought a new position in shares of iShares International Developed Real Estate ETF in the 4th quarter worth about $3,282,000. Finally, JPMorgan Chase & Co. increased its stake in shares of iShares International Developed Real Estate ETF by 960.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,576 shares of the company’s stock worth $127,000 after acquiring an additional 5,050 shares in the last quarter.

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.