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

iShares Global Infrastructure ETF (NASDAQ:IGF) was the target of a large increase in short interest in November. As of November 15th, there was short interest totalling 786,700 shares, an increase of 51.6% from the October 31st total of 518,900 shares. Based on an average daily trading volume, of 610,200 shares, the short-interest ratio is currently 1.3 days.

iShares Global Infrastructure ETF Stock Performance

NASDAQ:IGF traded up $0.10 on Friday, hitting $55.70. 627,438 shares of the stock were exchanged, compared to its average volume of 416,201. The stock has a market capitalization of $4.48 billion, a price-to-earnings ratio of 22.20 and a beta of 0.80. iShares Global Infrastructure ETF has a 52 week low of $43.84 and a 52 week high of $55.79. The company’s 50-day moving average price is $54.42 and its 200 day moving average price is $51.72.

Institutional Trading of iShares Global Infrastructure ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in IGF. Northwest Investment Counselors LLC acquired a new stake in iShares Global Infrastructure ETF during the 3rd quarter worth approximately $26,000. Quent Capital LLC grew its stake in shares of iShares Global Infrastructure ETF by 60.7% during the 3rd quarter. Quent Capital LLC now owns 638 shares of the company’s stock worth $35,000 after acquiring an additional 241 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in shares of iShares Global Infrastructure ETF during the 3rd quarter worth approximately $45,000. First PREMIER Bank bought a new position in shares of iShares Global Infrastructure ETF during the 3rd quarter worth approximately $76,000. Finally, Cullen Frost Bankers Inc. bought a new position in shares of iShares Global Infrastructure ETF during the 2nd quarter worth approximately $139,000.

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.