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

iShares International Developed Real Estate ETF (NASDAQ:IFGL) 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

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.