Short Interest in iShares Global Infrastructure ETF (NASDAQ:IGF) Expands By 65.2%

iShares Global Infrastructure ETF (NASDAQ:IGF) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totalling 749,700 shares, a growth of 65.2% from the June 30th total of 453,800 shares. Based on an average trading volume of 321,200 shares, the days-to-cover ratio is currently 2.3 days.

iShares Global Infrastructure ETF Trading Up 0.9 %

Shares of NASDAQ:IGF opened at $49.74 on Monday. The firm has a market cap of $3.67 billion, a price-to-earnings ratio of 22.20 and a beta of 0.80. iShares Global Infrastructure ETF has a 12-month low of $40.38 and a 12-month high of $50.75. The stock’s 50-day moving average price is $49.19 and its two-hundred day moving average price is $47.53.

iShares Global Infrastructure ETF Announces Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, June 11th were issued a $0.8301 dividend. The ex-dividend date of this dividend was Tuesday, June 11th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Worth Financial Advisory Group LLC purchased a new stake in shares of iShares Global Infrastructure ETF in the second quarter worth about $235,000. Cambridge Investment Research Advisors Inc. lifted its position in iShares Global Infrastructure ETF by 26.8% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 24,809 shares of the company’s stock worth $1,189,000 after acquiring an additional 5,241 shares in the last quarter. Atomi Financial Group Inc. purchased a new position in iShares Global Infrastructure ETF in the 2nd quarter worth approximately $293,000. Signature Estate & Investment Advisors LLC acquired a new stake in iShares Global Infrastructure ETF in the second quarter valued at approximately $582,000. Finally, Bank of New York Mellon Corp raised its stake in shares of iShares Global Infrastructure ETF by 211.9% during the second quarter. Bank of New York Mellon Corp now owns 432,560 shares of the company’s stock valued at $20,728,000 after purchasing an additional 293,894 shares during the period.

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.