Global X U.S. Infrastructure Development ETF (BATS:PAVE) Short Interest Update

Global X U.S. Infrastructure Development ETF (BATS:PAVE) 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.

Institutional Trading of Global X U.S. Infrastructure Development ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Beaumont Financial Advisors LLC grew its holdings in Global X U.S. Infrastructure Development ETF by 1.1% during the first quarter. Beaumont Financial Advisors LLC now owns 16,949 shares of the company’s stock worth $861,000 after acquiring an additional 180 shares during the period. Gateway Wealth Partners LLC grew its holdings in Global X U.S. Infrastructure Development ETF by 3.7% during the fourth quarter. Gateway Wealth Partners LLC now owns 5,169 shares of the company’s stock worth $247,000 after acquiring an additional 183 shares during the period. Arete Wealth Advisors LLC grew its holdings in Global X U.S. Infrastructure Development ETF by 3.8% during the fourth quarter. Arete Wealth Advisors LLC now owns 5,058 shares of the company’s stock worth $242,000 after acquiring an additional 186 shares during the period. AIFG Consultants Ltd. grew its holdings in Global X U.S. Infrastructure Development ETF by 1.0% during the fourth quarter. AIFG Consultants Ltd. now owns 19,194 shares of the company’s stock worth $917,000 after acquiring an additional 189 shares during the period. Finally, IFG Advisory LLC grew its holdings in Global X U.S. Infrastructure Development ETF by 2.3% during the fourth quarter. IFG Advisory LLC now owns 8,491 shares of the company’s stock worth $406,000 after acquiring an additional 194 shares during the period.

Global X U.S. Infrastructure Development ETF Stock Down 2.5%

Global X U.S. Infrastructure Development ETF stock opened at $55.41 on Friday. The firm has a market cap of $10.95 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a 52 week low of $40.61 and a 52 week high of $58.55. The business’s 50-day moving average price is $53.44 and its 200 day moving average price is $51.38.

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.