iShares Global Infrastructure ETF (NASDAQ:IGF) Short Interest Down 59.8% in October

iShares Global Infrastructure ETF (NASDAQ:IGF) was the target of a significant drop in short interest in October. As of October 31st, there was short interest totalling 518,900 shares, a drop of 59.8% from the October 15th total of 1,290,000 shares. Based on an average daily volume of 481,100 shares, the short-interest ratio is presently 1.1 days.

Institutional Investors Weigh In On iShares Global Infrastructure ETF

A number of hedge funds have recently added to or reduced their stakes in IGF. Benjamin Edwards Inc. acquired a new stake in shares of iShares Global Infrastructure ETF during the third quarter worth about $253,000. Rockefeller Capital Management L.P. acquired a new stake in shares of iShares Global Infrastructure ETF in the third quarter valued at approximately $590,000. Freedom Investment Management Inc. raised its holdings in shares of iShares Global Infrastructure ETF by 133.9% in the third quarter. Freedom Investment Management Inc. now owns 11,884 shares of the company’s stock worth $647,000 after acquiring an additional 6,803 shares during the last quarter. FMR LLC raised its position in shares of iShares Global Infrastructure ETF by 16.6% in the third quarter. FMR LLC now owns 13,815 shares of the company’s stock valued at $752,000 after buying an additional 1,968 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in iShares Global Infrastructure ETF by 2.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,875,964 shares of the company’s stock worth $102,109,000 after buying an additional 40,418 shares during the last quarter.

iShares Global Infrastructure ETF Price Performance

Shares of IGF traded up $0.49 during mid-day trading on Friday, reaching $53.85. The stock had a trading volume of 283,814 shares, compared to its average volume of 389,314. The firm has a market cap of $4.33 billion, a price-to-earnings ratio of 22.20 and a beta of 0.80. iShares Global Infrastructure ETF has a 52-week low of $43.84 and a 52-week high of $55.32. The business’s fifty day moving average is $54.03 and its 200 day moving average is $51.27.

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.