Global X FinTech ETF (NASDAQ:FINX) Short Interest Update
by Amy Steele · The Cerbat GemGlobal X FinTech ETF (NASDAQ:FINX – Get Free Report) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 170,107 shares, an increase of 117.8% from the May 14th total of 78,110 shares. Approximately 2.2% of the shares of the stock are sold short. Based on an average daily volume of 72,103 shares, the days-to-cover ratio is currently 2.4 days.
Global X FinTech ETF Stock Up 0.7%
Global X FinTech ETF stock traded up $0.17 during mid-day trading on Friday, reaching $24.22. 47,892 shares of the company’s stock were exchanged, compared to its average volume of 94,665. The firm has a market capitalization of $183.35 million, a PE ratio of 31.36 and a beta of 1.54. The business’s fifty day simple moving average is $24.96 and its 200 day simple moving average is $26.38. Global X FinTech ETF has a one year low of $22.08 and a one year high of $35.58.
Hedge Funds Weigh In On Global X FinTech ETF
Large investors have recently made changes to their positions in the business. NewEdge Advisors LLC increased its stake in Global X FinTech ETF by 51.4% during the first quarter. NewEdge Advisors LLC now owns 1,157 shares of the company’s stock worth $32,000 after acquiring an additional 393 shares during the last quarter. Jane Street Group LLC purchased a new stake in Global X FinTech ETF during the first quarter worth $259,000. Creative Planning lifted its holdings in shares of Global X FinTech ETF by 52.2% during the 2nd quarter. Creative Planning now owns 11,662 shares of the company’s stock valued at $399,000 after purchasing an additional 3,999 shares during the last quarter. Sei Investments Co. purchased a new stake in shares of Global X FinTech ETF during the 2nd quarter valued at $228,000. Finally, Raymond James Financial Inc. increased its position in shares of Global X FinTech ETF by 12.5% in the 2nd quarter. Raymond James Financial Inc. now owns 85,218 shares of the company’s stock valued at $2,916,000 after acquiring an additional 9,485 shares during the period.
Global X FinTech ETF Company Profile
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.