iShares International Developed Real Estate ETF (NASDAQ:IFGL – Get Rating) was the target of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 116,300 shares, a drop of 6.1% from the March 31st total of 123,900 shares. Based on an average trading volume of 21,200 shares, the short-interest ratio is currently 5.5 days.

iShares International Developed Real Estate ETF Stock Performance

IFGL stock traded down $0.46 during mid-day trading on Tuesday, hitting $20.98. 114,923 shares of the company were exchanged, compared to its average volume of 21,341. The firm has a market cap of $144.76 million, a P/E ratio of 8.74 and a beta of 0.83. The firm's 50 day simple moving average is $20.95 and its 200 day simple moving average is $21.39. iShares International Developed Real Estate ETF has a 1-year low of $17.94 and a 1-year high of $25.45.

Institutional Trading of iShares International Developed Real Estate ETF

Hedge funds have recently bought and sold shares of the stock. Family Firm Inc. raised its holdings in iShares International Developed Real Estate ETF by 7.2% during the 3rd quarter. Family Firm Inc. now owns 90,284 shares of the company's stock worth $1,719,000 after buying an additional 6,064 shares during the period. OLD Mission Capital LLC bought a new position in shares of iShares International Developed Real Estate ETF during the 3rd quarter worth approximately $255,000. Flow Traders U.S. LLC bought a new position in shares of iShares International Developed Real Estate ETF during the 1st quarter worth approximately $259,000. JPMorgan Chase & Co. grew its stake in shares of iShares International Developed Real Estate ETF by 103.9% during the 1st quarter. JPMorgan Chase & Co. now owns 1,662 shares of the company's stock worth $45,000 after acquiring an additional 847 shares in the last quarter. Finally, Hollencrest Capital Management bought a new position in shares of iShares International Developed Real Estate ETF during the 4th quarter worth approximately $66,000.

iShares International Developed Real Estate ETF Company Profile

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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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