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

iShares Global Infrastructure ETF (NASDAQ:IGF) was the target of a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 1,240,000 shares, a drop of 19.0% from the November 30th total of 1,530,000 shares. Based on an average trading volume of 698,400 shares, the days-to-cover ratio is presently 1.8 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Northwest Investment Counselors LLC bought a new position in shares of iShares Global Infrastructure ETF during the 3rd quarter worth $26,000. Quent Capital LLC lifted its holdings in iShares Global Infrastructure ETF by 60.7% during the third quarter. Quent Capital LLC now owns 638 shares of the company’s stock valued at $35,000 after purchasing an additional 241 shares during the last quarter. Exchange Traded Concepts LLC bought a new position in iShares Global Infrastructure ETF during the third quarter worth about $45,000. First PREMIER Bank purchased a new position in shares of iShares Global Infrastructure ETF in the third quarter worth about $76,000. Finally, Cullen Frost Bankers Inc. bought a new stake in shares of iShares Global Infrastructure ETF in the second quarter valued at approximately $139,000.

iShares Global Infrastructure ETF Stock Performance

Shares of NASDAQ:IGF opened at $52.33 on Friday. The company has a market capitalization of $4.21 billion, a P/E ratio of 22.20 and a beta of 0.80. The company’s 50-day moving average is $53.92 and its 200 day moving average is $52.18. iShares Global Infrastructure ETF has a fifty-two week low of $43.84 and a fifty-two week high of $55.79.

iShares Global Infrastructure ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were given a $0.849 dividend. The ex-dividend date was Tuesday, December 17th.

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.