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 January. As of January 31st, there was short interest totalling 1,900,000 shares, an increase of 123.3% from the January 15th total of 851,000 shares. Based on an average trading volume of 874,600 shares, the days-to-cover ratio is currently 2.2 days.

iShares Global Infrastructure ETF Trading Down 0.4 %

Shares of IGF stock opened at $54.16 on Friday. The company has a market capitalization of $5.29 billion, a P/E ratio of 22.20 and a beta of 0.80. iShares Global Infrastructure ETF has a 12-month low of $44.27 and a 12-month high of $55.79. The business’s 50 day moving average is $53.21 and its two-hundred day moving average is $53.27.

iShares Global Infrastructure ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were issued a $0.849 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

Hedge Funds Weigh In On iShares Global Infrastructure ETF

A number of large investors have recently added to or reduced their stakes in IGF. Northern Trust Corp grew its position in shares of iShares Global Infrastructure ETF by 8.6% in the fourth quarter. Northern Trust Corp now owns 23,520,055 shares of the company’s stock valued at $1,229,393,000 after purchasing an additional 1,871,592 shares during the period. Principal Financial Group Inc. boosted its holdings in iShares Global Infrastructure ETF by 546.8% in the 3rd quarter. Principal Financial Group Inc. now owns 2,183,166 shares of the company’s stock worth $118,830,000 after buying an additional 1,845,625 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in iShares Global Infrastructure ETF by 2.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,875,964 shares of the company’s stock worth $102,109,000 after buying an additional 40,418 shares in the last quarter. US Bancorp DE increased its stake in iShares Global Infrastructure ETF by 0.6% during the 4th quarter. US Bancorp DE now owns 1,706,178 shares of the company’s stock worth $89,182,000 after buying an additional 9,568 shares in the last quarter. Finally, Mariner LLC boosted its stake in shares of iShares Global Infrastructure ETF by 5.2% in the fourth quarter. Mariner LLC now owns 1,371,373 shares of the company’s stock worth $71,683,000 after acquiring an additional 67,336 shares during the last quarter.

About iShares Global Infrastructure ETF

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.