iShares Global Infrastructure ETF (NASDAQ:IGF – Get Rating) was the target of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 912,100 shares, a decline of 7.5% from the February 13th total of 986,000 shares. Based on an average daily trading volume, of 587,600 shares, the days-to-cover ratio is presently 1.6 days.
iShares Global Infrastructure ETF Trading Up 1.0 %
Shares of NASDAQ:IGF opened at $46.60 on Friday. The stock has a fifty day simple moving average of $47.56 and a two-hundred day simple moving average of $46.14. The stock has a market capitalization of $3.87 billion, a price-to-earnings ratio of 20.63 and a beta of 0.80. iShares Global Infrastructure ETF has a 12-month low of $39.95 and a 12-month high of $52.15.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. Romano Brothers AND Company purchased a new position in iShares Global Infrastructure ETF during the fourth quarter valued at $28,000. Money Concepts Capital Corp raised its stake in shares of iShares Global Infrastructure ETF by 769.3% in the fourth quarter. Money Concepts Capital Corp now owns 652 shares of the company’s stock worth $30,000 after purchasing an additional 577 shares during the last quarter. Eagle Bay Advisors LLC purchased a new position in shares of iShares Global Infrastructure ETF in the second quarter worth $32,000. CoreCap Advisors LLC purchased a new position in shares of iShares Global Infrastructure ETF in the fourth quarter worth $33,000. Finally, Choate Investment Advisors raised its stake in shares of iShares Global Infrastructure ETF by 1,282.3% in the second quarter. Choate Investment Advisors now owns 857 shares of the company’s stock worth $40,000 after purchasing an additional 795 shares during the last quarter.
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.
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