Short Interest in Global X U.S. Infrastructure Development ETF (BATS:PAVE) Decreases By 42.7%

Global X U.S. Infrastructure Development ETF (BATS:PAVE) was the recipient of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 1,230,559 shares, a decrease of 42.7% from the April 15th total of 2,149,225 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 1,546,301 shares, the short-interest ratio is currently 0.8 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quantinno Capital Management LP lifted its position in Global X U.S. Infrastructure Development ETF by 2.5% during the first quarter. Quantinno Capital Management LP now owns 17,496 shares of the company’s stock valued at $889,000 after purchasing an additional 421 shares during the period. Copley Financial Group Inc. lifted its position in Global X U.S. Infrastructure Development ETF by 5.2% during the first quarter. Copley Financial Group Inc. now owns 132,333 shares of the company’s stock valued at $6,724,000 after purchasing an additional 6,583 shares during the period. Gateway Wealth Partners LLC lifted its position in Global X U.S. Infrastructure Development ETF by 88.8% during the first quarter. Gateway Wealth Partners LLC now owns 9,761 shares of the company’s stock valued at $496,000 after purchasing an additional 4,592 shares during the period. Renaissance Technologies LLC bought a new position in Global X U.S. Infrastructure Development ETF during the first quarter valued at approximately $925,000. Finally, Modern Wealth Management LLC bought a new position in Global X U.S. Infrastructure Development ETF during the first quarter valued at approximately $1,048,000.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of Global X U.S. Infrastructure Development ETF stock opened at $55.41 on Monday. The company has a market cap of $10.95 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. The company’s 50 day moving average is $53.44 and its 200 day moving average is $51.40. Global X U.S. Infrastructure Development ETF has a twelve month low of $40.61 and a twelve month high of $58.55.

Global X U.S. Infrastructure Development ETF Company Profile

The Global X U.S. Infrastructure Development ETF (PAVE) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap-weighted index of US-listed companies that derive the majority of their revenue from or have a stated business purpose related to infrastructure development. PAVE was launched on Mar 6, 2017 and is managed by Global X.