iShares International Developed Real Estate ETF (NASDAQ:IFGL) Sees Large Decline in Short Interest

iShares International Developed Real Estate ETF (NASDAQ:IFGLGet Free Report) was the recipient of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 10,600 shares, a drop of 50.9% from the February 13th total of 21,600 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading 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 %

IFGL traded up $0.28 during midday trading on Friday, reaching $19.97. The company’s stock had a trading volume of 11,213 shares, compared to its average volume of 18,549. The stock has a market cap of $89.84 million, a P/E ratio of 18.41 and a beta of 0.83. The company has a fifty day simple moving average of $19.67 and a 200 day simple moving average of $20.61. iShares International Developed Real Estate ETF has a twelve month low of $18.63 and a twelve month high of $23.18.

iShares International Developed Real Estate ETF Increases Dividend

The company also recently disclosed 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 was Tuesday, December 17th. This is a positive change from iShares International Developed Real Estate ETF’s previous dividend of $0.21.

Institutional Trading of iShares International Developed Real Estate ETF

Several institutional investors have recently modified their holdings of the company. Heartland Bank & Trust Co bought a new position in shares of iShares International Developed Real Estate ETF during the 4th quarter worth approximately $3,282,000. 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. JPMorgan Chase & Co. lifted its position 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 worth $127,000 after buying an additional 5,050 shares during the period. Family Firm Inc. lifted 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 buying an additional 3,237 shares during the period. Finally, Ariadne Wealth Management LP lifted its position 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 buying an additional 1,680 shares during the period.

iShares International Developed Real Estate ETF Company Profile

(Get Free Report)

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.

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