iShares Global Infrastructure ETF (NASDAQ:IGF) Short Interest Update

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 totaling 1,206,385 shares, a growth of 99.1% from the August 15th total of 606,040 shares. Based on an average daily volume of 709,565 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.7% of the shares of the company are sold short.

iShares Global Infrastructure ETF Stock Performance

Shares of IGF stock traded down $0.22 during trading on Tuesday, hitting $63.17. The company had a trading volume of 152,866 shares, compared to its average volume of 855,084. The stock’s 50-day moving average price is $66.02 and its 200 day moving average price is $66.73. The firm has a market capitalization of $10.16 billion, a P/E ratio of 20.10 and a beta of 0.60. iShares Global Infrastructure ETF has a one year low of $60.03 and a one year high of $69.60.

Hedge Funds Weigh In On iShares Global Infrastructure ETF

Several hedge funds and other institutional investors have recently made changes to their positions in IGF. Northwestern Mutual Wealth Management Co. increased its position in iShares Global Infrastructure ETF by 1,527.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 913,157 shares of the company’s stock valued at $56,031,000 after purchasing an additional 857,061 shares during the period. NorthRock Partners LLC boosted its stake in shares of iShares Global Infrastructure ETF by 15.3% in the 2nd quarter. NorthRock Partners LLC now owns 3,076,200 shares of the company’s stock valued at $204,875,000 after purchasing an additional 407,357 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of iShares Global Infrastructure ETF by 132.1% during the first quarter. Bank of New York Mellon Corp now owns 683,235 shares of the company’s stock worth $45,777,000 after buying an additional 388,909 shares during the period. Heartland Bank & Trust Co acquired a new position in iShares Global Infrastructure ETF in the second quarter valued at $23,446,000. Finally, Pictet Asset Management Holding SA boosted its position in iShares Global Infrastructure ETF by 18.0% during the first quarter. Pictet Asset Management Holding SA now owns 2,139,470 shares of the company’s stock valued at $142,318,000 after acquiring an additional 326,300 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.