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

iShares Global Infrastructure ETF (NASDAQ:IGF) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totaling 589,473 shares, a drop of 36.0% from the July 15th total of 920,340 shares. Based on an average daily volume of 580,003 shares, the short-interest ratio is currently 1.0 days. Approximately 0.4% of the company’s stock are sold short.

iShares Global Infrastructure ETF Price Performance

IGF stock traded up $0.45 on Tuesday, reaching $66.07. 360,558 shares of the company traded hands, compared to its average volume of 879,061. iShares Global Infrastructure ETF has a one year low of $59.40 and a one year high of $69.60. The firm has a fifty day simple moving average of $66.63 and a 200-day simple moving average of $66.94. The company has a market cap of $10.83 billion, a P/E ratio of 20.10 and a beta of 0.61.

iShares Global Infrastructure ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were paid a dividend of $0.9337 per share. The ex-dividend date was Monday, June 15th.

Institutional Trading of iShares Global Infrastructure ETF

A number of institutional investors have recently made changes to their positions in the stock. Rice Partnership LLC bought a new stake in iShares Global Infrastructure ETF in the 4th quarter worth approximately $25,000. Aptus Capital Advisors LLC bought a new stake in shares of iShares Global Infrastructure ETF during the third quarter valued at approximately $25,000. Ameriflex Group Inc. purchased a new stake in shares of iShares Global Infrastructure ETF in the fourth quarter worth about $39,000. Dunhill Financial LLC lifted its position in iShares Global Infrastructure ETF by 1,381.2% during the fourth quarter. Dunhill Financial LLC now owns 711 shares of the company’s stock valued at $44,000 after purchasing an additional 663 shares during the last quarter. Finally, Vestor Capital LLC purchased a new position in shares of iShares Global Infrastructure ETF in the 1st quarter worth approximately $44,000.

About iShares Global Infrastructure ETF

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.