iShares Global Infrastructure ETF (NASDAQ:IGF) Short Interest Down 42.2% in March
by Teresa Graham · The Cerbat GemiShares Global Infrastructure ETF (NASDAQ:IGF – Get Free Report) saw a significant decline in short interest in March. As of March 13th, there was short interest totaling 911,493 shares, a decline of 42.2% from the February 26th total of 1,576,252 shares. Based on an average daily volume of 822,157 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.6% of the company’s stock are sold short.
iShares Global Infrastructure ETF Price Performance
IGF remained flat at $66.38 during trading on Friday. The company’s stock had a trading volume of 783,726 shares, compared to its average volume of 944,319. The firm’s 50 day simple moving average is $66.32 and its 200 day simple moving average is $63.19. The company has a market capitalization of $9.72 billion, a P/E ratio of 20.10 and a beta of 0.73. iShares Global Infrastructure ETF has a twelve month low of $49.74 and a twelve month high of $69.60.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the business. Nalls Sherbakoff Group LLC bought a new stake in iShares Global Infrastructure ETF during the fourth quarter worth about $325,000. Corient Private Wealth LLC increased its stake in shares of iShares Global Infrastructure ETF by 2.3% during the fourth quarter. Corient Private Wealth LLC now owns 31,100 shares of the company’s stock valued at $1,908,000 after purchasing an additional 709 shares in the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of iShares Global Infrastructure ETF during the fourth quarter valued at approximately $88,000. Arwa LLC purchased a new position in shares of iShares Global Infrastructure ETF during the fourth quarter valued at approximately $271,000. Finally, Cambient Family Office LLC purchased a new position in shares of iShares Global Infrastructure ETF during the fourth quarter valued at approximately $144,000.
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.