iShares Global Infrastructure ETF (NASDAQ:IGF) Sees Significant Decline in Short Interest

iShares Global Infrastructure ETF (NASDAQ:IGF) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totalling 1,290,000 shares, a drop of 31.4% from the September 30th total of 1,880,000 shares. Based on an average trading volume of 380,700 shares, the short-interest ratio is presently 3.4 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its position in shares of iShares Global Infrastructure ETF by 2.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,835,546 shares of the company’s stock worth $88,159,000 after purchasing an additional 49,527 shares in the last quarter. Atria Wealth Solutions Inc. grew its position 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 worth $1,146,000 after buying an additional 14,593 shares in the last quarter. Sanctuary Advisors LLC bought a new position in iShares Global Infrastructure ETF during the 2nd quarter worth $6,015,000. Great Lakes Advisors LLC raised its holdings in iShares Global Infrastructure ETF by 17.3% in the 2nd quarter. Great Lakes Advisors LLC now owns 146,928 shares of the company’s stock valued at $7,041,000 after acquiring an additional 21,664 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of iShares Global Infrastructure ETF by 6.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 564,965 shares of the company’s stock valued at $27,073,000 after acquiring an additional 36,402 shares during the period.

iShares Global Infrastructure ETF Stock Performance

Shares of NASDAQ IGF traded down $0.57 during trading hours on Friday, reaching $54.04. 846,864 shares of the stock were exchanged, compared to its average volume of 370,409. The firm has a market capitalization of $4.35 billion, a price-to-earnings ratio of 22.20 and a beta of 0.80. The stock’s fifty day simple moving average is $53.52 and its 200 day simple moving average is $50.59. iShares Global Infrastructure ETF has a 52 week low of $41.26 and a 52 week high of $55.32.

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.