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

iShares International Developed Real Estate ETF (NASDAQ:IFGL) saw a large 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. Approximately 0.2% of the company’s stock are short sold. 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 Price Performance

IFGL stock traded up $0.28 during trading on Friday, hitting $19.97. 11,213 shares of the stock traded hands, compared to its average volume of 18,549. iShares International Developed Real Estate ETF has a 1 year low of $18.63 and a 1 year high of $23.18. The firm’s 50 day moving average is $19.67 and its two-hundred day moving average is $20.61. The stock has a market cap of $89.84 million, a price-to-earnings ratio of 18.41 and a beta of 0.83.

iShares International Developed Real Estate ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, December 20th. Stockholders 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 an increase from iShares International Developed Real Estate ETF’s previous dividend of $0.21.

Institutional Trading of iShares International Developed Real Estate ETF

A number of institutional investors have recently made changes to their positions in the stock. Heartland Bank & Trust Co purchased a new stake in shares of iShares International Developed Real Estate ETF during the 4th quarter valued at about $3,282,000. Family Firm Inc. boosted its holdings 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 valued at $2,864,000 after acquiring an additional 3,237 shares during the last quarter. Ariadne Wealth Management LP boosted its holdings 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 acquiring an additional 1,680 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of iShares International Developed Real Estate ETF during the 4th quarter valued at about $248,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of iShares International Developed Real Estate ETF by 960.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,576 shares of the company’s stock valued at $127,000 after acquiring an additional 5,050 shares during the last quarter.

iShares International Developed Real Estate ETF Company Profile

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.