iShares MSCI Global Sustainable Development Goals ETF (NASDAQ:SDG) Sees Large Increase in Short Interest

iShares MSCI Global Sustainable Development Goals ETF (NASDAQ:SDGGet Free Report) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 5,689 shares, an increase of 75.7% from the April 30th total of 3,238 shares. Based on an average daily trading volume, of 4,600 shares, the short-interest ratio is currently 1.2 days. Approximately 0.3% of the shares of the company are short sold.

iShares MSCI Global Sustainable Development Goals ETF Stock Performance

NASDAQ SDG opened at $92.55 on Thursday. The firm has a 50-day simple moving average of $88.39 and a 200 day simple moving average of $86.17. iShares MSCI Global Sustainable Development Goals ETF has a twelve month low of $73.38 and a twelve month high of $92.92. The stock has a market cap of $175.85 million, a PE ratio of 18.86 and a beta of 0.64.

Institutional Investors Weigh In On iShares MSCI Global Sustainable Development Goals ETF

A hedge fund recently raised its stake in iShares MSCI Global Sustainable Development Goals ETF stock. Ameriflex Group Inc. lifted its stake in iShares MSCI Global Sustainable Development Goals ETF (NASDAQ:SDGFree Report) by 98.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 364 shares of the company’s stock after buying an additional 181 shares during the period. Ameriflex Group Inc.’s holdings in iShares MSCI Global Sustainable Development Goals ETF were worth $30,000 at the end of the most recent reporting period.

About iShares MSCI Global Sustainable Development Goals ETF

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The iShares MSCI Global Impact ETF (SDG) is an exchange-traded fund that is based on the MSCI ACWI Sustainable Impact index. The fund tracks an index composed of companies whose revenues are driven by products and services that address at least one of the United Nation’s Sustainable Development Goals. SDG was launched on Apr 20, 2016 and is managed by BlackRock.

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