Short Interest in iShares Global Infrastructure ETF (NASDAQ:IGF) Drops By 38.4%

by · The Markets Daily

iShares Global Infrastructure ETF (NASDAQ:IGF – Get Free Report) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 1,135,954 shares, a drop of 38.4% from the May 31st total of 1,844,063 shares. Based on an average daily volume of 679,417 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.7% of the company’s stock are sold short.

iShares Global Infrastructure ETF Stock Up 1.0%

IGF traded up $0.65 on Thursday, reaching $66.44. The company’s stock had a trading volume of 350,542 shares, compared to its average volume of 894,668. The company has a market capitalization of $10.77 billion, a price-to-earnings ratio of 20.10 and a beta of 0.61. iShares Global Infrastructure ETF has a fifty-two week low of $57.96 and a fifty-two week high of $69.60. The stock has a 50 day moving average of $66.87 and a two-hundred day moving average of $65.83.

iShares Global Infrastructure ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were paid a $0.9337 dividend. The ex-dividend date of this dividend was Monday, June 15th.

Institutional Investors Weigh In On iShares Global Infrastructure ETF

A number of large investors have recently modified their holdings of IGF. CX Institutional lifted its position in shares of iShares Global Infrastructure ETF by 1.0% in the 2nd quarter. CX Institutional now owns 43,925 shares of the company’s stock worth $2,925,000 after buying an additional 444 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of iShares Global Infrastructure ETF by 425.0% during the 1st quarter. Parallel Advisors LLC now owns 1,050 shares of the company’s stock valued at $70,000 after purchasing an additional 850 shares in the last quarter. NewEdge Advisors LLC raised its stake in iShares Global Infrastructure ETF by 1.4% during the 1st quarter. NewEdge Advisors LLC now owns 11,610 shares of the company’s stock valued at $778,000 after purchasing an additional 159 shares during the last quarter. Optiver Holding B.V. acquired a new stake in iShares Global Infrastructure ETF during the first quarter worth $55,000. Finally, Glenmede Trust Co. NA lifted its position in shares of iShares Global Infrastructure ETF by 53.0% during the 1st quarter. Glenmede Trust Co. NA now owns 19,918 shares of the company’s stock worth $1,335,000 after buying an additional 6,900 shares during the period.

iShares Global Infrastructure ETF Company Profile

(Get Free Report)

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.

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