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

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

iShares Global Infrastructure ETF Stock Performance

Shares of IGF remained flat at $54.67 during midday trading on Tuesday. The company’s stock had a trading volume of 531,853 shares, compared to its average volume of 763,824. The firm has a market capitalization of $5.34 billion, a price-to-earnings ratio of 19.68 and a beta of 0.80. The firm has a fifty day moving average of $53.80 and a 200 day moving average of $53.84. iShares Global Infrastructure ETF has a 1 year low of $45.19 and a 1 year high of $55.79.

Institutional Investors Weigh In On iShares Global Infrastructure ETF

Institutional investors have recently bought and sold shares of the company. Bank of Montreal Can boosted its holdings in iShares Global Infrastructure ETF by 33.0% during the third quarter. Bank of Montreal Can now owns 136,168 shares of the company’s stock worth $7,429,000 after purchasing an additional 33,798 shares during the last quarter. FMR LLC increased its position in shares of iShares Global Infrastructure ETF by 16.6% during the 3rd quarter. FMR LLC now owns 13,815 shares of the company’s stock worth $752,000 after purchasing an additional 1,968 shares during the last quarter. Rockefeller Capital Management L.P. bought a new stake in shares of iShares Global Infrastructure ETF during the 3rd quarter worth approximately $590,000. Benjamin Edwards Inc. acquired a new stake in iShares Global Infrastructure ETF in the third quarter valued at $253,000. Finally, Sanctuary Advisors LLC grew its holdings in iShares Global Infrastructure ETF by 1.4% during the third quarter. Sanctuary Advisors LLC now owns 128,359 shares of the company’s stock worth $7,092,000 after purchasing an additional 1,749 shares during the period.

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.