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 decline in short interest in the month of February. As of February 15th, there was short interest totalling 21,600 shares, a decline of 54.0% from the January 31st total of 47,000 shares. Based on an average daily trading volume, of 29,900 shares, the days-to-cover ratio is currently 0.7 days.

iShares International Developed Real Estate ETF Stock Up 0.9 %

Shares of IFGL traded up $0.18 on Monday, hitting $19.84. The company’s stock had a trading volume of 8,210 shares, compared to its average volume of 21,808. The firm’s fifty day moving average price is $19.58 and its 200-day moving average price is $20.73. iShares International Developed Real Estate ETF has a fifty-two week low of $18.63 and a fifty-two week high of $23.18. The firm has a market capitalization of $89.26 million, a price-to-earnings ratio of 11.98 and a beta of 0.83.

iShares International Developed Real Estate ETF Increases Dividend

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

Institutional Trading of iShares International Developed Real Estate ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. 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 during the last quarter. Family Firm Inc. raised its stake in iShares International Developed Real Estate ETF by 2.2% in the fourth quarter. Family Firm Inc. now owns 148,414 shares of the company’s stock valued at $2,864,000 after buying an additional 3,237 shares during the period. JPMorgan Chase & Co. lifted its position in shares of 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 valued at $127,000 after buying an additional 5,050 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of iShares International Developed Real Estate ETF during the 4th quarter worth approximately $248,000. Finally, Heartland Bank & Trust Co acquired a new position in shares of iShares International Developed Real Estate ETF during the 4th quarter worth approximately $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.