iShares Global Infrastructure ETF (NASDAQ:IGF) Sees Significant Growth in Short Interest

iShares Global Infrastructure ETF (NASDAQ:IGF) saw a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 1,530,000 shares, an increase of 94.5% from the November 15th total of 786,700 shares. Based on an average daily volume of 591,800 shares, the days-to-cover ratio is presently 2.6 days.

iShares Global Infrastructure ETF Stock Performance

NASDAQ IGF traded down $0.01 during trading on Friday, reaching $53.51. The company’s stock had a trading volume of 282,536 shares, compared to its average volume of 431,175. The business’s fifty day moving average price is $54.41 and its 200-day moving average price is $52.01. iShares Global Infrastructure ETF has a twelve month low of $43.84 and a twelve month high of $55.79. The firm has a market cap of $4.31 billion, a price-to-earnings ratio of 22.20 and a beta of 0.80.

Hedge Funds Weigh In On iShares Global Infrastructure ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. increased its holdings in iShares Global Infrastructure ETF by 546.8% in the third quarter. Principal Financial Group Inc. now owns 2,183,166 shares of the company’s stock valued at $118,830,000 after buying an additional 1,845,625 shares in the last quarter. US Bancorp DE grew its holdings in shares of iShares Global Infrastructure ETF by 89.2% in the 3rd quarter. US Bancorp DE now owns 1,696,610 shares of the company’s stock worth $92,346,000 after acquiring an additional 799,958 shares during the period. Bank of New York Mellon Corp increased its stake in iShares Global Infrastructure ETF by 211.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 432,560 shares of the company’s stock valued at $20,728,000 after purchasing an additional 293,894 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in iShares Global Infrastructure ETF during the second quarter worth $6,015,000. Finally, Mercer Global Advisors Inc. ADV boosted its position in iShares Global Infrastructure ETF by 933.5% during the second quarter. Mercer Global Advisors Inc. ADV now owns 82,994 shares of the company’s stock worth $3,977,000 after purchasing an additional 74,964 shares in the last quarter.

iShares Global Infrastructure ETF Company Profile

The iShares Global Infrastructure ETF (IGF) is an exchange-traded fund that is based on the S&P Global Infrastructure index, a market-cap-weighted index of global infrastructure companies. IGF was launched on Dec 10, 2007 and is managed by BlackRock.