Global X U.S. Infrastructure Development ETF (BATS:PAVE) Sees Large Growth in Short Interest

Global X U.S. Infrastructure Development ETF (BATS:PAVE) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 2,619,918 shares, an increase of 97.9% from the May 31st total of 1,323,780 shares. Based on an average trading volume of 1,680,327 shares, the days-to-cover ratio is currently 1.6 days. Currently, 1.3% of the company’s shares are short sold.

Institutional Investors Weigh In On Global X U.S. Infrastructure Development ETF

Several institutional investors and hedge funds have recently modified their holdings of PAVE. Jane Street Group LLC raised its stake in Global X U.S. Infrastructure Development ETF by 11.1% in the first quarter. Jane Street Group LLC now owns 20,867 shares of the company’s stock worth $787,000 after buying an additional 2,081 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Global X U.S. Infrastructure Development ETF by 1,294.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 22,442 shares of the company’s stock worth $978,000 after acquiring an additional 20,833 shares during the period. Diversify Advisory Services LLC grew its holdings in shares of Global X U.S. Infrastructure Development ETF by 6.6% during the 2nd quarter. Diversify Advisory Services LLC now owns 29,047 shares of the company’s stock worth $1,354,000 after acquiring an additional 1,806 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Global X U.S. Infrastructure Development ETF in the 2nd quarter worth approximately $2,070,000. Finally, Quantinno Capital Management LP raised its position in shares of Global X U.S. Infrastructure Development ETF by 36.8% in the 2nd quarter. Quantinno Capital Management LP now owns 9,118 shares of the company’s stock worth $397,000 after acquiring an additional 2,451 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Stock Down 2.1%

BATS:PAVE opened at $57.68 on Thursday. The stock has a market cap of $11.40 billion, a P/E ratio of 23.34 and a beta of 1.24. The firm’s fifty day simple moving average is $56.82 and its 200 day simple moving average is $53.55. Global X U.S. Infrastructure Development ETF has a twelve month low of $43.87 and a twelve month high of $60.43.

About Global X U.S. Infrastructure Development ETF

The Global X U.S. Infrastructure Development ETF (PAVE) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap-weighted index of US-listed companies that derive the majority of their revenue from or have a stated business purpose related to infrastructure development. PAVE was launched on Mar 6, 2017 and is managed by Global X.