iShares Global Financials ETF (NYSEARCA:IXG) Short Interest Down 41.4% in August
by Michael Walen · The Markets DailyiShares Global Financials ETF (NYSEARCA:IXG – Get Free Report) saw a large drop in short interest in August. As of August 31st, there was short interest totaling 22,927 shares, a drop of 41.4% from the August 15th total of 39,132 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 43,874 shares, the short-interest ratio is currently 0.5 days.
Hedge Funds Weigh In On iShares Global Financials ETF
Several institutional investors and hedge funds have recently modified their holdings of the stock. Optiver Holding B.V. purchased a new stake in shares of iShares Global Financials ETF during the 1st quarter worth about $27,000. KCM Investment Advisors LLC increased its stake in shares of iShares Global Financials ETF by 10.7% in the 1st quarter. KCM Investment Advisors LLC now owns 6,510 shares of the company’s stock valued at $742,000 after purchasing an additional 628 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in iShares Global Financials ETF by 45.1% in the 1st quarter. Sanctuary Advisors LLC now owns 2,437 shares of the company’s stock worth $278,000 after purchasing an additional 757 shares during the period. Fifth Third Bancorp raised its holdings in iShares Global Financials ETF by 27.0% in the 1st quarter. Fifth Third Bancorp now owns 3,669 shares of the company’s stock worth $418,000 after purchasing an additional 781 shares during the period. Finally, Kestra Advisory Services LLC boosted its position in iShares Global Financials ETF by 3.6% during the first quarter. Kestra Advisory Services LLC now owns 8,502 shares of the company’s stock worth $969,000 after purchasing an additional 293 shares in the last quarter.
iShares Global Financials ETF Price Performance
IXG traded down $1.62 on Wednesday, reaching $131.57. 44,420 shares of the stock were exchanged, compared to its average volume of 45,801. The company’s 50-day moving average price is $133.06 and its 200 day moving average price is $124.65. iShares Global Financials ETF has a fifty-two week low of $109.99 and a fifty-two week high of $137.00. The firm has a market capitalization of $659.17 million, a PE ratio of 14.77 and a beta of 0.80.
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.