Short Interest in iShares Global Infrastructure ETF (NASDAQ:IGF) Decreases By 72.2%

iShares Global Infrastructure ETF (NASDAQ:IGF) was the recipient of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 315,341 shares, a drop of 72.2% from the June 15th total of 1,135,954 shares. Based on an average trading volume of 986,067 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of IGF. Northern Trust Corp lifted its stake in iShares Global Infrastructure ETF by 13.0% in the 3rd quarter. Northern Trust Corp now owns 32,269,755 shares of the company’s stock valued at $1,972,327,000 after purchasing an additional 3,701,749 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of iShares Global Infrastructure ETF during the fourth quarter worth $71,842,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of iShares Global Infrastructure ETF by 1,527.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 913,157 shares of the company’s stock worth $56,031,000 after buying an additional 857,061 shares during the last quarter. Pictet Asset Management Holding SA increased its holdings in shares of iShares Global Infrastructure ETF by 70.7% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,813,170 shares of the company’s stock worth $111,869,000 after buying an additional 751,250 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of iShares Global Infrastructure ETF by 140.0% during the second quarter. Bank of America Corp DE now owns 918,485 shares of the company’s stock worth $54,374,000 after buying an additional 535,717 shares in the last quarter.

iShares Global Infrastructure ETF Trading Up 0.2%

NASDAQ IGF traded up $0.16 during midday trading on Friday, hitting $66.91. The company had a trading volume of 573,536 shares, compared to its average volume of 883,697. The company has a market capitalization of $10.86 billion, a PE ratio of 20.10 and a beta of 0.61. The firm has a 50-day moving average price of $66.84 and a 200-day moving average price of $66.11. iShares Global Infrastructure ETF has a twelve month low of $58.12 and a twelve month high of $69.60.

iShares Global Infrastructure ETF Announces Dividend

The business also recently declared a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were given a $0.9337 dividend. The ex-dividend date was Monday, June 15th.

About iShares Global Infrastructure ETF

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.