iShares Global Infrastructure ETF (NASDAQ:IGF) Sees Large Drop in Short Interest

iShares Global Infrastructure ETF (NASDAQ:IGFGet Rating) was the target of a large drop in short interest in the month of April. As of April 30th, there was short interest totalling 259,600 shares, a drop of 45.0% from the April 15th total of 471,800 shares. Based on an average daily trading volume, of 403,400 shares, the days-to-cover ratio is currently 0.6 days.

Shares of NASDAQ:IGF traded up $1.10 during trading on Friday, hitting $48.69. The stock had a trading volume of 272,698 shares, compared to its average volume of 385,892. iShares Global Infrastructure ETF has a 12 month low of $44.45 and a 12 month high of $52.15. The firm’s fifty day moving average is $49.70 and its 200 day moving average is $48.06.

Large investors have recently made changes to their positions in the company. Central Bank & Trust Co. bought a new position in shares of iShares Global Infrastructure ETF in the 4th quarter worth approximately $27,000. Parallel Advisors LLC raised its position in shares of iShares Global Infrastructure ETF by 325.0% in the 1st quarter. Parallel Advisors LLC now owns 578 shares of the company’s stock worth $29,000 after acquiring an additional 442 shares in the last quarter. Ibex Wealth Advisors bought a new position in shares of iShares Global Infrastructure ETF in the 3rd quarter worth approximately $29,000. Trust Co. of Vermont bought a new position in shares of iShares Global Infrastructure ETF in the 4th quarter worth approximately $36,000. Finally, Future Financial Wealth Managment LLC bought a new position in shares of iShares Global Infrastructure ETF in the 4th quarter worth approximately $48,000.

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