Shares of InfraREIT (NYSE:HIFR) Sees Large Outflow of Money

InfraREIT (NYSE:HIFR) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($3.14 million) and the uptick to downtick ratio was 0.17. The transaction value on upticks was $0.66 million and on downticks, the transaction value was $3.79 million. The transaction value of block trades during downticks was $3.24 million. The money flow was negative ($3.24 million), indicating the traders were booking profit on the price strength. InfraREIT (NYSE:HIFR) rose $0.36 at $17, during intraday Wednesday , a rise of 2.16% over the previous days close.


In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Infrareit, Inc., Gates John A. had purchased shares worth of $152,250 in a transaction dated on December 8, 2015. A total of 7,500 shares were purchased at a price of $20.3 per share. The information is based on open market trades at the market prices.Option exercises are not covered. Currently the company Insiders own 28% of InfraREIT shares according to the proxy statements. Institutional Investors own 77.53% of InfraREIT shares.

InfraREIT (NYSE:HIFR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $16.67 and $16.67 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $17.21. The buying momentum continued till the end and the stock did not give up its gains. It closed at $17.16, notching a gain of 3.13% for the day. The total traded volume was 553,697 . The stock had closed at $16.64 on the previous day.

InfraREIT, Inc. is an externally managed real estate investment trust (REIT). The Company owns rate-regulated electric transmission and distribution (T&D) assets, such as power lines, substations, transmission towers, distribution poles, transformers and related property and assets, in Texas. Its T&D assets are located throughout Texas, including Panhandle Assets, Stanton/Brady/Celeste Assets, McAllen Assets, Stanton Transmission Loop Assets and ERCOT Transmission Assets. The Company leases its T&D assets to Sharyland Utilities, L.P. (Sharyland), an electric utility. The Companys T&D assets are owned by its subsidiary Sharyland Distribution and Transmission Services, L.L.C. (SDTS) and SDTSs wholly owned subsidiaries, Sharyland Projects, L.L.C. (SPLLC) and SDTS FERC, L.L.C. (SDTS FERC). The Companys tenant, Sharyland, is a regulated utility and serves over 50,000 electricity delivery points in 29 counties throughout Texas. The Company is externally managed by Hunt Manager.

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