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

iShares Global Infrastructure ETF (NASDAQ:IGF) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 820,200 shares, a growth 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 presently 2.9 days.

Institutional Trading of iShares Global Infrastructure ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of IGF. 1832 Asset Management L.P. increased its stake in shares of iShares Global Infrastructure ETF by 2.6% in the first quarter. 1832 Asset Management L.P. now owns 2,525,060 shares of the company’s stock worth $120,243,000 after purchasing an additional 64,867 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in iShares Global Infrastructure ETF by 5.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,878,626 shares of the company’s stock worth $88,389,000 after buying an additional 101,283 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in iShares Global Infrastructure ETF by 2.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,835,546 shares of the company’s stock worth $88,159,000 after buying an additional 49,527 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of iShares Global Infrastructure ETF by 7,650.8% in the first quarter. Captrust Financial Advisors now owns 1,257,407 shares of the company’s stock valued at $59,878,000 after acquiring an additional 1,241,184 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of iShares Global Infrastructure ETF by 12.8% in the first quarter. Principal Financial Group Inc. now owns 687,291 shares of the company’s stock valued at $32,729,000 after acquiring an additional 78,225 shares in the last quarter.

iShares Global Infrastructure ETF Stock Performance

Shares of IGF stock traded up $0.19 during mid-day trading on Monday, reaching $53.55. 36,351 shares of the company’s stock traded hands, compared to its average volume of 350,413. The firm has a market capitalization of $3.95 billion, a PE ratio of 22.20 and a beta of 0.80. iShares Global Infrastructure ETF has a 12 month low of $40.38 and a 12 month high of $53.74. The firm has a 50 day moving average price of $50.76 and a two-hundred day moving average price of $48.98.

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.