iShares International Developed Real Estate ETF (NASDAQ:IFGL) Short Interest Down 54.0% in February

iShares International Developed Real Estate ETF (NASDAQ:IFGL) saw a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 21,600 shares, a drop of 54.0% from the January 31st total of 47,000 shares. Based on an average trading volume of 29,900 shares, the days-to-cover ratio is presently 0.7 days.

iShares International Developed Real Estate ETF Stock Performance

Shares of iShares International Developed Real Estate ETF stock traded down $0.11 on Friday, reaching $19.66. The company had a trading volume of 10,481 shares, compared to its average volume of 22,164. The firm has a market cap of $88.47 million, a PE ratio of 11.98 and a beta of 0.83. iShares International Developed Real Estate ETF has a 52-week low of $18.63 and a 52-week high of $23.18. The firm’s 50 day moving average price is $19.58 and its two-hundred day moving average price is $20.74.

iShares International Developed Real Estate ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were given a dividend of $0.2122 per share. This is a boost from iShares International Developed Real Estate ETF’s previous dividend of $0.21. The ex-dividend date of this dividend was Tuesday, December 17th.

Institutional Trading of iShares International Developed Real Estate ETF

Several hedge funds have recently modified their holdings of IFGL. JPMorgan Chase & Co. raised its position in iShares International Developed Real Estate ETF by 960.1% in the third 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. SBI Securities Co. Ltd. purchased a new position in iShares International Developed Real Estate ETF during the 4th quarter valued at about $248,000. Ariadne Wealth Management LP increased its stake in shares of iShares International Developed Real Estate ETF by 12.9% during the 4th quarter. Ariadne Wealth Management LP now owns 14,720 shares of the company’s stock worth $293,000 after purchasing an additional 1,680 shares in the last quarter. Family Firm Inc. raised its position in shares of iShares International Developed Real Estate ETF by 2.2% during the 4th quarter. Family Firm Inc. now owns 148,414 shares of the company’s stock worth $2,864,000 after purchasing an additional 3,237 shares during the last quarter. Finally, Heartland Bank & Trust Co acquired a new position in shares of iShares International Developed Real Estate ETF in the fourth quarter worth $3,282,000.

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.