iShares U.S. Infrastructure ETF (BATS:IFRA) Short Interest Down 55.5% in July

iShares U.S. Infrastructure ETF (BATS:IFRA) saw a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 240,130 shares, a drop of 55.5% from the June 30th total of 540,028 shares. Based on an average daily volume of 388,977 shares, the short-interest ratio is presently 0.6 days. Currently, 0.4% of the company’s shares are short sold.

iShares U.S. Infrastructure ETF Stock Down 0.8%

Shares of BATS:IFRA opened at $61.37 on Wednesday. The stock has a market cap of $3.30 billion, a PE ratio of 19.30 and a beta of 0.98. The company’s fifty day moving average is $61.74 and its 200 day moving average is $59.75. iShares U.S. Infrastructure ETF has a 52 week low of $49.49 and a 52 week high of $64.25.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of IFRA. Wealthcare Advisory Partners LLC boosted its holdings in iShares U.S. Infrastructure ETF by 13.8% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 205,700 shares of the company’s stock valued at $12,967,000 after acquiring an additional 24,899 shares during the period. Wealthcare Capital Partners LLC grew its position in iShares U.S. Infrastructure ETF by 0.7% during the 2nd quarter. Wealthcare Capital Partners LLC now owns 26,128 shares of the company’s stock worth $1,647,000 after acquiring an additional 181 shares during the last quarter. Wealthcare Capital Management LLC increased its stake in iShares U.S. Infrastructure ETF by 13.4% in the 2nd quarter. Wealthcare Capital Management LLC now owns 7,064 shares of the company’s stock worth $445,000 after purchasing an additional 836 shares during the period. Herbst Group LLC increased its stake in iShares U.S. Infrastructure ETF by 42.0% in the 2nd quarter. Herbst Group LLC now owns 30,190 shares of the company’s stock worth $1,903,000 after purchasing an additional 8,930 shares during the period. Finally, 180 Wealth Advisors LLC increased its stake in iShares U.S. Infrastructure ETF by 3.5% in the 2nd quarter. 180 Wealth Advisors LLC now owns 10,473 shares of the company’s stock worth $660,000 after purchasing an additional 359 shares during the period.

iShares U.S. Infrastructure ETF Company Profile

The iShares U.S. Infrastructure ETF (IFRA) is an exchange-traded fund that is based on the NYSE FactSet U.S. Infrastructure index. The fund tracks an index of US-listed infrastructure companies that derive a significant portion of their revenue from within the US. IFRA was launched on Apr 3, 2018 and is managed by BlackRock.