Short Interest in iShares Global Infrastructure ETF (NASDAQ:IGF) Drops By 27.0%

iShares Global Infrastructure ETF (NASDAQ:IGF) saw a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 619,678 shares, a drop of 27.0% from the December 31st total of 848,818 shares. Based on an average daily volume of 812,388 shares, the short-interest ratio is presently 0.8 days. Currently, 0.4% of the company’s stock are short sold. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 812,388 shares, the short-interest ratio is presently 0.8 days.

Institutional Investors Weigh In On iShares Global Infrastructure ETF

Several hedge funds and other institutional investors have recently made changes to their positions in IGF. Balefire LLC grew its stake in iShares Global Infrastructure ETF by 131.5% during the 3rd quarter. Balefire LLC now owns 26,297 shares of the company’s stock worth $1,607,000 after purchasing an additional 14,936 shares in the last quarter. Evergreen Capital Management LLC lifted its position in iShares Global Infrastructure ETF by 676.8% in the third quarter. Evergreen Capital Management LLC now owns 37,510 shares of the company’s stock valued at $2,293,000 after purchasing an additional 32,681 shares during the period. Barings LLC acquired a new stake in shares of iShares Global Infrastructure ETF during the 2nd quarter valued at approximately $1,914,000. Forefront Wealth Partners LLC purchased a new position in iShares Global Infrastructure ETF during the third quarter worth $4,302,000. Finally, Commonwealth Equity Services LLC grew its position in shares of iShares Global Infrastructure ETF by 21.2% in the third quarter. Commonwealth Equity Services LLC now owns 83,161 shares of the company’s stock valued at $5,083,000 after purchasing an additional 14,537 shares during the period.

iShares Global Infrastructure ETF Stock Down 0.6%

Shares of NASDAQ IGF traded down $0.38 during midday trading on Friday, hitting $64.41. 1,105,219 shares of the company’s stock were exchanged, compared to its average volume of 947,331. The firm has a market capitalization of $9.44 billion, a PE ratio of 20.10 and a beta of 0.73. iShares Global Infrastructure ETF has a 12 month low of $49.74 and a 12 month high of $65.17. The company’s 50 day moving average price is $62.14 and its 200 day moving average price is $61.29.

iShares Global Infrastructure ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were issued a $0.9956 dividend. The ex-dividend date 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.