iShares Global Infrastructure ETF (NASDAQ:IGF) Short Interest Up 94.5% in November

iShares Global Infrastructure ETF (NASDAQ:IGF) was the target of a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 1,530,000 shares, a growth of 94.5% from the November 15th total of 786,700 shares. Based on an average trading volume of 591,800 shares, the short-interest ratio is presently 2.6 days.

iShares Global Infrastructure ETF Price Performance

iShares Global Infrastructure ETF stock traded down $0.01 during midday trading on Friday, reaching $53.51. 282,536 shares of the company traded hands, compared to its average volume of 431,175. iShares Global Infrastructure ETF has a 12 month low of $43.84 and a 12 month high of $55.79. The business has a 50 day moving average of $54.41 and a two-hundred day moving average of $52.01. The firm has a market capitalization of $4.31 billion, a price-to-earnings ratio of 22.20 and a beta of 0.80.

Hedge Funds Weigh In On iShares Global Infrastructure ETF

Several hedge funds and other institutional investors have recently modified their holdings of IGF. Principal Financial Group Inc. increased its holdings in iShares Global Infrastructure ETF by 546.8% during the third quarter. Principal Financial Group Inc. now owns 2,183,166 shares of the company’s stock valued at $118,830,000 after buying an additional 1,845,625 shares during the last quarter. US Bancorp DE increased its stake in shares of iShares Global Infrastructure ETF by 89.2% in the 3rd quarter. US Bancorp DE now owns 1,696,610 shares of the company’s stock worth $92,346,000 after purchasing an additional 799,958 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in iShares Global Infrastructure ETF by 211.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 432,560 shares of the company’s stock worth $20,728,000 after purchasing an additional 293,894 shares during the period. Sanctuary Advisors LLC purchased a new position in iShares Global Infrastructure ETF during the second quarter valued at $6,015,000. Finally, Mercer Global Advisors Inc. ADV grew its holdings in iShares Global Infrastructure ETF by 933.5% during the second quarter. Mercer Global Advisors Inc. ADV now owns 82,994 shares of the company’s stock valued at $3,977,000 after purchasing an additional 74,964 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.