Short Interest in iShares Global Infrastructure ETF (NASDAQ:IGF) Increases By 191.9%

iShares Global Infrastructure ETF (NASDAQ:IGF) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 920,340 shares, an increase of 191.9% from the June 30th total of 315,341 shares. Based on an average daily volume of 577,803 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.6% of the shares of the company are short sold.

iShares Global Infrastructure ETF Stock Down 0.1%

NASDAQ:IGF traded down $0.08 during midday trading on Tuesday, reaching $66.79. The stock had a trading volume of 605,690 shares, compared to its average volume of 853,303. The stock has a market cap of $10.93 billion, a P/E ratio of 20.10 and a beta of 0.61. The firm has a fifty day simple moving average of $66.78 and a two-hundred day simple moving average of $66.53. iShares Global Infrastructure ETF has a 12-month low of $58.59 and a 12-month high of $69.60.

iShares Global Infrastructure ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were issued a $0.9337 dividend. The ex-dividend date of this dividend was Monday, June 15th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its position in iShares Global Infrastructure ETF by 17.9% in the first quarter. NewEdge Advisors LLC now owns 1,258 shares of the company’s stock valued at $69,000 after purchasing an additional 191 shares during the period. Cerity Partners LLC increased its position in iShares Global Infrastructure ETF by 35.6% during the 2nd quarter. Cerity Partners LLC now owns 28,043 shares of the company’s stock worth $1,660,000 after purchasing an additional 7,366 shares during the period. Qube Research & Technologies Ltd raised its stake in shares of iShares Global Infrastructure ETF by 264.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 122,857 shares of the company’s stock worth $7,273,000 after buying an additional 89,165 shares in the last quarter. Raymond James Financial Inc. raised its stake in shares of iShares Global Infrastructure ETF by 76.3% during the 2nd quarter. Raymond James Financial Inc. now owns 276,566 shares of the company’s stock worth $16,373,000 after buying an additional 119,700 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of iShares Global Infrastructure ETF during the 2nd quarter worth approximately $6,287,000.

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.