Global X FinTech Thematic ETF (NASDAQ:FINX) Sees Large Increase in Short Interest

by · The Cerbat Gem

Global X FinTech Thematic ETF (NASDAQ:FINX – Get Free Report) was the recipient of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 167,000 shares, an increase of 43.5% from the October 15th total of 116,400 shares. Based on an average daily volume of 67,900 shares, the short-interest ratio is presently 2.5 days.

Global X FinTech Thematic ETF Stock Performance

Global X FinTech Thematic ETF stock traded up $0.12 during midday trading on Friday, hitting $32.23. 62,128 shares of the company’s stock were exchanged, compared to its average volume of 76,859. The firm’s 50 day simple moving average is $28.93 and its 200 day simple moving average is $26.86. Global X FinTech Thematic ETF has a 12-month low of $20.68 and a 12-month high of $33.31. The stock has a market cap of $310.05 million, a price-to-earnings ratio of 29.40 and a beta of 1.35.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of FINX. Janney Montgomery Scott LLC purchased a new position in Global X FinTech Thematic ETF in the 1st quarter valued at $342,000. Cetera Advisors LLC acquired a new stake in Global X FinTech Thematic ETF in the first quarter valued at about $326,000. PVG Asset Management Corp acquired a new stake in shares of Global X FinTech Thematic ETF in the 2nd quarter valued at approximately $310,000. Eagle Strategies LLC purchased a new stake in shares of Global X FinTech Thematic ETF in the second quarter valued at approximately $1,439,000. Finally, Cetera Investment Advisers raised its position in Global X FinTech Thematic ETF by 94.8% in the second quarter. Cetera Investment Advisers now owns 48,481 shares of the company’s stock worth $1,220,000 after acquiring an additional 23,596 shares in the last quarter.

About Global X FinTech Thematic ETF

(Get Free Report)

The Global X FinTech ETF (FINX) is an exchange-traded fund that is based on the Indxx Global Fintech Thematic index, a market-cap-weighted index of companies in developed markets that derive significant revenues from providing financial technology products and services. FINX was launched on Sep 12, 2016 and is managed by Global X.

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