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

iShares Global Infrastructure ETF (NASDAQ:IGF) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totaling 2,026,111 shares, an increase of 122.3% from the March 15th total of 911,493 shares. Based on an average daily volume of 1,230,632 shares, the short-interest ratio is presently 1.6 days. Approximately 1.3% of the company’s shares are sold short.

iShares Global Infrastructure ETF Stock Down 0.6%

Shares of NASDAQ:IGF traded down $0.42 on Friday, hitting $68.61. The company had a trading volume of 742,492 shares, compared to its average volume of 965,035. The firm’s 50-day simple moving average is $67.27 and its two-hundred day simple moving average is $63.75. iShares Global Infrastructure ETF has a 1 year low of $52.69 and a 1 year high of $69.60. The firm has a market capitalization of $10.50 billion, a price-to-earnings ratio of 20.10 and a beta of 0.67.

Institutional Investors Weigh In On iShares Global Infrastructure ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Rice Partnership LLC purchased a new stake in shares of iShares Global Infrastructure ETF in the 4th quarter worth about $25,000. Aptus Capital Advisors LLC purchased a new stake in shares of iShares Global Infrastructure ETF in the 3rd quarter worth about $25,000. Trust Co. of Vermont purchased a new stake in shares of iShares Global Infrastructure ETF in the 4th quarter worth about $25,000. Quent Capital LLC purchased a new stake in shares of iShares Global Infrastructure ETF in the 3rd quarter worth about $27,000. Finally, Accordant Advisory Group Inc purchased a new stake in shares of iShares Global Infrastructure ETF in the 3rd quarter worth about $32,000.

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.