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

iShares Global Infrastructure ETF (NASDAQ:IGF) was the recipient of a large decline in short interest in March. As of March 15th, there was short interest totalling 811,200 shares, a decline of 30.7% from the February 28th total of 1,170,000 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily volume of 843,400 shares, the short-interest ratio is presently 1.0 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in IGF. Signature Estate & Investment Advisors LLC increased its stake in shares of iShares Global Infrastructure ETF by 1.6% in the 4th quarter. Signature Estate & Investment Advisors LLC now owns 12,142 shares of the company’s stock worth $635,000 after acquiring an additional 194 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in shares of iShares Global Infrastructure ETF by 30.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 1,083 shares of the company’s stock worth $57,000 after acquiring an additional 253 shares during the last quarter. OneDigital Investment Advisors LLC raised its position in shares of iShares Global Infrastructure ETF by 2.4% in the 4th quarter. OneDigital Investment Advisors LLC now owns 11,018 shares of the company’s stock worth $576,000 after purchasing an additional 261 shares during the last quarter. Atomi Financial Group Inc. boosted its stake in iShares Global Infrastructure ETF by 4.9% in the 4th quarter. Atomi Financial Group Inc. now owns 6,375 shares of the company’s stock worth $333,000 after purchasing an additional 300 shares in the last quarter. Finally, Corient Private Wealth LLC grew its position in iShares Global Infrastructure ETF by 2.4% during the 4th quarter. Corient Private Wealth LLC now owns 14,260 shares of the company’s stock valued at $745,000 after purchasing an additional 330 shares during the last quarter.

iShares Global Infrastructure ETF Stock Performance

Shares of NASDAQ IGF traded up $0.20 during midday trading on Monday, hitting $54.67. 672,872 shares of the company traded hands, compared to its average volume of 768,046. iShares Global Infrastructure ETF has a 12-month low of $45.19 and a 12-month high of $55.79. The stock has a 50-day moving average price of $53.80 and a 200 day moving average price of $53.84. The firm has a market cap of $5.34 billion, a P/E ratio of 19.68 and a beta of 0.80.

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.