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

iShares Global Infrastructure ETF (NASDAQ:IGF) saw a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 778,300 shares, a drop of 40.1% from the April 30th total of 1,300,000 shares. Based on an average daily volume of 722,300 shares, the short-interest ratio is presently 1.1 days. Currently, 0.7% of the company’s shares are sold short.

Institutional Investors Weigh In On iShares Global Infrastructure ETF

Several hedge funds have recently modified their holdings of IGF. Nepc LLC boosted its position in shares of iShares Global Infrastructure ETF by 2.7% in the first quarter. Nepc LLC now owns 709,810 shares of the company’s stock worth $38,805,000 after acquiring an additional 18,611 shares during the last quarter. Great Lakes Advisors LLC raised its stake in shares of iShares Global Infrastructure ETF by 30.6% during the first quarter. Great Lakes Advisors LLC now owns 174,921 shares of the company’s stock valued at $9,563,000 after purchasing an additional 40,977 shares during the period. Signature Estate & Investment Advisors LLC raised its stake in shares of iShares Global Infrastructure ETF by 2.3% during the first quarter. Signature Estate & Investment Advisors LLC now owns 12,425 shares of the company’s stock valued at $679,000 after purchasing an additional 283 shares during the period. NewEdge Advisors LLC raised its stake in shares of iShares Global Infrastructure ETF by 17.9% during the first quarter. NewEdge Advisors LLC now owns 1,258 shares of the company’s stock valued at $69,000 after purchasing an additional 191 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of iShares Global Infrastructure ETF during the first quarter valued at approximately $3,283,000.

iShares Global Infrastructure ETF Trading Up 0.9%

Shares of iShares Global Infrastructure ETF stock traded up $0.56 during mid-day trading on Monday, hitting $59.56. 427,913 shares of the stock were exchanged, compared to its average volume of 755,843. iShares Global Infrastructure ETF has a twelve month low of $47.49 and a twelve month high of $59.59. The stock has a market capitalization of $6.76 billion, a price-to-earnings ratio of 19.55 and a beta of 0.80. The company has a 50-day simple moving average of $55.96 and a 200 day simple moving average of $54.46.

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.