Short Interest in iShares Global Industrials ETF (NYSEARCA:EXI) Rises By 91.5%
by Tristan Rich · The Markets DailyiShares Global Industrials ETF (NYSEARCA:EXI – Get Free Report) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 53,050 shares, an increase of 91.5% from the August 15th total of 27,707 shares. Based on an average trading volume of 42,260 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.7% of the company’s shares are sold short.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Corient Private Wealth LP bought a new stake in shares of iShares Global Industrials ETF in the 2nd quarter valued at about $211,000. Tucker Asset Management LLC increased its position in shares of iShares Global Industrials ETF by 275.5% during the second quarter. Tucker Asset Management LLC now owns 950 shares of the company’s stock worth $190,000 after buying an additional 697 shares during the period. Angeles Wealth Management LLC bought a new position in iShares Global Industrials ETF during the second quarter worth $32,000. Ferguson Wellman Capital Management Inc. bought a new position in iShares Global Industrials ETF during the second quarter worth $268,000. Finally, Wellington Grp LLC acquired a new position in iShares Global Industrials ETF in the first quarter valued at $28,000.
iShares Global Industrials ETF Stock Performance
Shares of NYSEARCA:EXI traded up $0.32 during mid-day trading on Wednesday, reaching $191.24. 47,428 shares of the company’s stock were exchanged, compared to its average volume of 54,534. iShares Global Industrials ETF has a twelve month low of $165.70 and a twelve month high of $207.79. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 22.01 and a beta of 0.98. The business’s fifty day moving average price is $198.84 and its 200-day moving average price is $194.82.
About iShares Global Industrials ETF
iShares Global Industrials ETF (the Fund), formerly iShares S&P Global Industrials Sector Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Global 1200 Industrials Sector Index (the Index). The Index is a subset of the Standard & Poor’s Global 1200 Index. The Index includes manufacturers and distributors of capital goods, providers of commercial services and supplies, and transportation service providers.