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

iShares Global Infrastructure ETF (NASDAQ:IGF) was the recipient of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 1,306,468 shares, an increase of 110.8% from the January 15th total of 619,678 shares. Based on an average trading volume of 1,070,996 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.9% of the company’s stock are sold short. Approximately 0.9% of the company’s stock are sold short. Based on an average trading volume of 1,070,996 shares, the days-to-cover ratio is currently 1.2 days.

iShares Global Infrastructure ETF Stock Down 0.1%

Shares of IGF stock opened at $67.39 on Friday. The company’s fifty day simple moving average is $62.73 and its 200-day simple moving average is $61.67. The firm has a market cap of $9.87 billion, a PE ratio of 20.10 and a beta of 0.73. iShares Global Infrastructure ETF has a 12 month low of $49.74 and a 12 month high of $67.96.

iShares Global Infrastructure ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were given a dividend of $0.9956 per share. The ex-dividend date of this dividend was Tuesday, December 16th.

Hedge Funds Weigh In On iShares Global Infrastructure ETF

Several hedge funds have recently modified their holdings of the stock. Douglass Winthrop Advisors LLC raised its holdings in iShares Global Infrastructure ETF by 7.9% during the fourth quarter. Douglass Winthrop Advisors LLC now owns 5,825 shares of the company’s stock worth $357,000 after acquiring an additional 425 shares in the last quarter. Johnson Financial Group Inc. raised its stake in shares of iShares Global Infrastructure ETF by 10.5% during the 4th quarter. Johnson Financial Group Inc. now owns 94,648 shares of the company’s stock worth $5,808,000 after purchasing an additional 9,002 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of iShares Global Infrastructure ETF in the 4th quarter valued at approximately $71,842,000. Richmond Investment Services LLC grew its stake in shares of iShares Global Infrastructure ETF by 34.6% in the fourth quarter. Richmond Investment Services LLC now owns 6,449 shares of the company’s stock valued at $396,000 after buying an additional 1,657 shares in the last quarter. Finally, Callan Family Office LLC acquired a new position in iShares Global Infrastructure ETF during the fourth quarter worth $4,201,000.

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.