Global X U.S. Infrastructure Development ETF (BATS:PAVE – Get Free Report) was the recipient of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 1,230,559 shares, a drop of 42.7% from the April 15th total of 2,149,225 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average trading volume of 1,546,301 shares, the short-interest ratio is presently 0.8 days.
Hedge Funds Weigh In On Global X U.S. Infrastructure Development ETF
A number of hedge funds have recently bought and sold shares of the business. Bank of Montreal Can boosted its position in Global X U.S. Infrastructure Development ETF by 3.7% during the fourth quarter. Bank of Montreal Can now owns 24,643,304 shares of the company’s stock worth $1,177,704,000 after purchasing an additional 868,412 shares in the last quarter. Bank of America Corp DE boosted its position in Global X U.S. Infrastructure Development ETF by 7.2% during the third quarter. Bank of America Corp DE now owns 24,259,423 shares of the company’s stock worth $1,155,476,000 after purchasing an additional 1,625,360 shares in the last quarter. Morgan Stanley boosted its position in Global X U.S. Infrastructure Development ETF by 2.9% during the fourth quarter. Morgan Stanley now owns 10,218,475 shares of the company’s stock worth $488,341,000 after purchasing an additional 288,691 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its position in Global X U.S. Infrastructure Development ETF by 43.3% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 8,938,139 shares of the company’s stock worth $454,147,000 after purchasing an additional 2,699,000 shares in the last quarter. Finally, LPL Financial LLC boosted its position in Global X U.S. Infrastructure Development ETF by 4.7% during the fourth quarter. LPL Financial LLC now owns 7,627,988 shares of the company’s stock worth $364,542,000 after purchasing an additional 340,014 shares in the last quarter.
Global X U.S. Infrastructure Development ETF Trading Down 2.5%
Shares of PAVE stock opened at $55.41 on Friday. The company has a market capitalization of $10.95 billion, a P/E ratio of 23.34 and a beta of 1.24. The business’s 50 day moving average is $53.44 and its two-hundred day moving average is $51.38. Global X U.S. Infrastructure Development ETF has a 12-month low of $40.61 and a 12-month high of $58.55.
About Global X U.S. Infrastructure Development ETF
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.
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