Global X U.S. Infrastructure Development ETF (BATS:PAVE) Short Interest Up 97.9% in June

Global X U.S. Infrastructure Development ETF (BATS:PAVE) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 2,619,918 shares, an increase of 97.9% from the May 31st total of 1,323,780 shares. Based on an average daily trading volume, of 1,680,327 shares, the days-to-cover ratio is currently 1.6 days. Approximately 1.3% of the shares of the company are short sold.

Institutional Investors Weigh In On Global X U.S. Infrastructure Development ETF

Several hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC lifted its holdings in shares of Global X U.S. Infrastructure Development ETF by 11.1% in the 1st quarter. Jane Street Group LLC now owns 20,867 shares of the company’s stock valued at $787,000 after buying an additional 2,081 shares during the period. Russell Investments Group Ltd. grew its holdings in Global X U.S. Infrastructure Development ETF by 1,294.8% during the second quarter. Russell Investments Group Ltd. now owns 22,442 shares of the company’s stock worth $978,000 after acquiring an additional 20,833 shares during the period. Diversify Advisory Services LLC grew its holdings in Global X U.S. Infrastructure Development ETF by 6.6% during the second quarter. Diversify Advisory Services LLC now owns 29,047 shares of the company’s stock worth $1,354,000 after acquiring an additional 1,806 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Global X U.S. Infrastructure Development ETF during the second quarter valued at approximately $2,070,000. Finally, Quantinno Capital Management LP raised its position in Global X U.S. Infrastructure Development ETF by 36.8% during the second quarter. Quantinno Capital Management LP now owns 9,118 shares of the company’s stock valued at $397,000 after acquiring an additional 2,451 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Trading Up 0.5%

Shares of BATS PAVE opened at $58.92 on Wednesday. The company has a 50 day simple moving average of $56.78 and a two-hundred day simple moving average of $53.49. The stock has a market cap of $11.64 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a 12 month low of $43.32 and a 12 month high of $60.43.

About Global X U.S. Infrastructure Development ETF

The Global X U.S. Infrastructure Development ETF (PAVE) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap-weighted index of US-listed companies that derive the majority of their revenue from or have a stated business purpose related to infrastructure development. PAVE was launched on Mar 6, 2017 and is managed by Global X.