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

iShares Global Infrastructure ETF (NASDAQ:IGF) was the target of a large increase in short interest in August. As of August 31st, there was short interest totalling 820,200 shares, an increase of 38.5% from the August 15th total of 592,400 shares. Based on an average daily trading volume, of 281,300 shares, the days-to-cover ratio is currently 2.9 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in IGF. Mather Group LLC. purchased a new stake in shares of iShares Global Infrastructure ETF in the first quarter worth about $32,000. Heritage Wealth Advisors purchased a new stake in shares of iShares Global Infrastructure ETF during the 4th quarter worth approximately $123,000. Northwest Bank & Trust Co purchased a new stake in shares of iShares Global Infrastructure ETF during the 4th quarter worth approximately $123,000. Cullen Frost Bankers Inc. purchased a new position in shares of iShares Global Infrastructure ETF in the second quarter valued at $139,000. Finally, Manchester Capital Management LLC purchased a new position in shares of iShares Global Infrastructure ETF in the fourth quarter valued at $155,000.

iShares Global Infrastructure ETF Trading Up 0.4 %

IGF traded up $0.19 during trading on Monday, hitting $53.55. 36,351 shares of the company traded hands, compared to its average volume of 350,413. The company has a market cap of $3.95 billion, a PE ratio of 22.20 and a beta of 0.80. The stock’s 50-day simple moving average is $50.76 and its two-hundred day simple moving average is $48.98. iShares Global Infrastructure ETF has a 1 year low of $40.38 and a 1 year high of $53.74.

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.