iShares Global Financials ETF (NYSEARCA:IXG) Short Interest Down 73.3% in December
by Kim Johansen · The Markets DailyiShares Global Financials ETF (NYSEARCA:IXG – Get Free Report) saw a large decline in short interest in December. As of December 15th, there was short interest totaling 1,350 shares, a decline of 73.3% from the November 30th total of 5,059 shares. Based on an average daily trading volume, of 31,525 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 31,525 shares, the days-to-cover ratio is currently 0.0 days.
iShares Global Financials ETF Price Performance
Shares of iShares Global Financials ETF stock traded down $0.01 on Friday, hitting $122.43. The company had a trading volume of 38,062 shares, compared to its average volume of 25,810. iShares Global Financials ETF has a 52 week low of $88.04 and a 52 week high of $122.54. The company has a market cap of $642.76 million, a PE ratio of 14.77 and a beta of 0.93. The business has a 50-day simple moving average of $116.64 and a 200-day simple moving average of $114.25.
Hedge Funds Weigh In On iShares Global Financials ETF
Several hedge funds have recently modified their holdings of IXG. Susquehanna International Group LLP raised its stake in shares of iShares Global Financials ETF by 1,633.9% in the 3rd quarter. Susquehanna International Group LLP now owns 64,867 shares of the company’s stock worth $7,568,000 after buying an additional 61,126 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in iShares Global Financials ETF by 6.2% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 4,099 shares of the company’s stock worth $478,000 after acquiring an additional 241 shares during the period. Integrated Wealth Concepts LLC raised its position in iShares Global Financials ETF by 39.7% in the third quarter. Integrated Wealth Concepts LLC now owns 3,848 shares of the company’s stock worth $449,000 after acquiring an additional 1,093 shares in the last quarter. Hilltop Holdings Inc. bought a new stake in iShares Global Financials ETF in the third quarter worth about $551,000. Finally, Bank of America Corp DE lifted its holdings in iShares Global Financials ETF by 9.6% in the 3rd quarter. Bank of America Corp DE now owns 309,112 shares of the company’s stock valued at $36,065,000 after acquiring an additional 27,062 shares during the last quarter.
About iShares Global Financials ETF
Ishares S&P Global Financials Sector Index Fund, formerly iShares Global Financials ETF (the Fund), is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of companies that Standard & Poor’s deems part of the financial sector of the economy and important to global markets, as represented by the S&P Global 1200 Financials Sector Index (the Index). The Index is a subset of the Standard & Poor’s Global 1200 Index. The Index includes major banks, diversified financial companies, insurance companies, real estate companies, savings and loan associations, and securities brokers.