Global X Infrastructure Development ex-U.S. ETF (BATS:IPAV) Stock Short Interest Drops 38.5%

Global X Infrastructure Development ex-U.S. ETF (BATS:IPAV) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 9,059 shares, a drop of 38.5% from the August 31st total of 14,722 shares. Based on an average trading volume of 1,875 shares, the days-to-cover ratio is presently 4.8 days. Currently, 4.5% of the company’s shares are sold short.

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

An institutional investor recently bought a new stake in Global X Infrastructure Development ex-U.S. ETF stock. Allworth Financial LP acquired a new stake in Global X Infrastructure Development ex-U.S. ETF (BATS:IPAV) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 766 shares of the company’s stock, valued at approximately $25,000. Allworth Financial LP owned 0.38% of Global X Infrastructure Development ex-U.S. ETF as of its most recent SEC filing.

Global X Infrastructure Development ex-U.S. ETF Stock Performance

IPAV stock opened at $30.76 on Friday. The company has a 50 day moving average price of $31.82 and a two-hundred day moving average price of $32.20. The stock has a market capitalization of $6.15 million and a P/E ratio of 17.03. Global X Infrastructure Development ex-U.S. ETF has a one year low of $27.96 and a one year high of $35.40.

Global X Infrastructure Development ex-U.S. ETF Company Profile

The Global X Infrastructure Development ex-U.S. ETF (IPAV) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market cap-weighted index of companies outside the US that derive the majority of their revenue from infrastructure development. IPAV was launched on Aug 27, 2024 and is issued by Global X.