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

iShares Global Infrastructure ETF (NASDAQ:IGF) was the target of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 1,306,468 shares, a growth of 110.8% from the January 15th total of 619,678 shares. Approximately 0.9% of the company’s shares are short sold. Based on an average daily volume of 1,070,996 shares, the short-interest ratio is currently 1.2 days. Based on an average daily volume of 1,070,996 shares, the short-interest ratio is currently 1.2 days. Approximately 0.9% of the company’s shares are short sold.

Hedge Funds Weigh In On iShares Global Infrastructure ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC lifted its holdings in shares of iShares Global Infrastructure ETF by 17.9% in the 1st quarter. NewEdge Advisors LLC now owns 1,258 shares of the company’s stock worth $69,000 after buying an additional 191 shares during the period. Concurrent Investment Advisors LLC grew its stake in iShares Global Infrastructure ETF by 130.9% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 9,235 shares of the company’s stock valued at $547,000 after purchasing an additional 5,235 shares during the last quarter. MGO One Seven LLC lifted its stake in iShares Global Infrastructure ETF by 25.4% during the 2nd quarter. MGO One Seven LLC now owns 17,920 shares of the company’s stock valued at $1,061,000 after acquiring an additional 3,633 shares during the period. Sequoia Financial Advisors LLC acquired a new position in shares of iShares Global Infrastructure ETF in the 2nd quarter valued at about $311,000. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in iShares Global Infrastructure ETF by 444.4% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 22,190 shares of the company’s stock valued at $1,314,000 after acquiring an additional 18,114 shares during the period.

iShares Global Infrastructure ETF Trading Up 1.4%

iShares Global Infrastructure ETF stock traded up $0.96 during mid-day trading on Friday, hitting $68.35. The company had a trading volume of 767,081 shares, compared to its average volume of 936,919. iShares Global Infrastructure ETF has a 12 month low of $49.74 and a 12 month high of $68.42. The company has a market capitalization of $10.01 billion, a PE ratio of 20.10 and a beta of 0.73. The stock’s 50 day moving average price is $62.86 and its two-hundred day moving average price is $61.74.

iShares Global Infrastructure ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were issued a dividend of $0.9956 per share. The ex-dividend date of this dividend was Tuesday, December 16th.

iShares Global Infrastructure ETF Company Profile

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.