Short Interest in iShares Global Infrastructure ETF (NASDAQ:IGF) Expands By 94.5%

iShares Global Infrastructure ETF (NASDAQ:IGF) was the recipient of a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 1,530,000 shares, an increase of 94.5% from the November 15th total of 786,700 shares. Based on an average daily volume of 591,800 shares, the short-interest ratio is currently 2.6 days.

iShares Global Infrastructure ETF Price Performance

IGF traded down $0.30 during trading hours on Thursday, reaching $53.52. 341,447 shares of the stock traded hands, compared to its average volume of 431,794. iShares Global Infrastructure ETF has a fifty-two week low of $43.84 and a fifty-two week high of $55.79. The company has a market cap of $4.31 billion, a price-to-earnings ratio of 22.20 and a beta of 0.80. The firm’s fifty day simple moving average is $54.43 and its two-hundred day simple moving average is $51.97.

Institutional Trading of iShares Global Infrastructure ETF

A number of hedge funds have recently made changes to their positions in the stock. Naples Global Advisors LLC raised its stake in shares of iShares Global Infrastructure ETF by 8.1% in the 2nd quarter. Naples Global Advisors LLC now owns 135,124 shares of the company’s stock valued at $6,475,000 after purchasing an additional 10,181 shares in the last quarter. Atria Wealth Solutions Inc. raised its stake in iShares Global Infrastructure ETF by 156.5% during the second quarter. Atria Wealth Solutions Inc. now owns 23,916 shares of the company’s stock valued at $1,146,000 after buying an additional 14,593 shares in the last quarter. Capital Insight Partners LLC lifted its holdings in iShares Global Infrastructure ETF by 0.4% during the 2nd quarter. Capital Insight Partners LLC now owns 76,724 shares of the company’s stock worth $3,677,000 after buying an additional 282 shares during the last quarter. Banque Pictet & Cie SA grew its position in shares of iShares Global Infrastructure ETF by 2.6% in the 2nd quarter. Banque Pictet & Cie SA now owns 31,731 shares of the company’s stock worth $1,521,000 after acquiring an additional 816 shares in the last quarter. Finally, Bryant Woods Investment Advisors LLC acquired a new stake in shares of iShares Global Infrastructure ETF during the 2nd quarter valued at approximately $247,000.

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.