Short Interest in iShares International Developed Real Estate ETF (NASDAQ:IFGL) Decreases By 50.9%

iShares International Developed Real Estate ETF (NASDAQ:IFGL) was the recipient of a significant decrease in short interest during the month of 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. Based on an average daily trading volume, of 31,600 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IFGL. Ariadne Wealth Management LP raised 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 valued at $293,000 after buying an additional 1,680 shares during the last quarter. Family Firm Inc. grew its holdings in iShares International Developed Real Estate ETF by 2.2% during the fourth 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 during the period. SBI Securities Co. Ltd. purchased a new position in iShares International Developed Real Estate ETF during the fourth quarter valued at approximately $248,000. Heartland Bank & Trust Co acquired a new position in iShares International Developed Real Estate ETF in the fourth quarter valued at approximately $3,282,000. Finally, JPMorgan Chase & Co. boosted its position in 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 purchasing an additional 5,050 shares in the last quarter.

iShares International Developed Real Estate ETF Price Performance

IFGL traded up $0.26 during trading on Friday, reaching $19.95. 6,791 shares of the company’s stock were exchanged, compared to its average volume of 18,487. iShares International Developed Real Estate ETF has a 1 year low of $18.63 and a 1 year high of $23.18. The company’s fifty day simple moving average is $19.65 and its 200-day simple moving average is $20.63. The stock has a market capitalization of $89.75 million, a P/E ratio of 18.41 and a beta of 0.83.

iShares International Developed Real Estate ETF Increases Dividend

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

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.