Global X U.S. Infrastructure Development ETF (BATS:PAVE) Short Interest Up 97.9% in June

Global X U.S. Infrastructure Development ETF (BATS:PAVE) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totaling 2,619,918 shares, an increase of 97.9% from the May 31st total of 1,323,780 shares. Approximately 1.3% of the shares of the company are short sold. Based on an average daily volume of 1,680,327 shares, the days-to-cover ratio is currently 1.6 days.

Global X U.S. Infrastructure Development ETF Price Performance

PAVE opened at $58.92 on Wednesday. The firm has a fifty day moving average price of $56.78 and a 200 day moving average price of $53.49. Global X U.S. Infrastructure Development ETF has a 1 year low of $43.32 and a 1 year high of $60.43. The stock has a market cap of $11.64 billion, a P/E ratio of 23.34 and a beta of 1.24.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Darwin Wealth Management LLC acquired a new position in shares of Global X U.S. Infrastructure Development ETF in the second quarter worth about $25,000. eCIO Inc. purchased a new stake in shares of Global X U.S. Infrastructure Development ETF during the 4th quarter worth about $27,000. Axiom Investment Management LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF during the 1st quarter valued at about $28,000. NBT Bank N A NY acquired a new stake in shares of Global X U.S. Infrastructure Development ETF during the 1st quarter valued at about $29,000. Finally, Clearstead Trust LLC purchased a new position in shares of Global X U.S. Infrastructure Development ETF in the 1st quarter valued at about $31,000.

Global X U.S. Infrastructure Development ETF Company Profile

The Global X U.S. Infrastructure Development ETF (PAVE) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap-weighted index of US-listed companies that derive the majority of their revenue from or have a stated business purpose related to infrastructure development. PAVE was launched on Mar 6, 2017 and is managed by Global X.