Short Interest in iShares Global Tech ETF (NYSEARCA:IXN) Grows By 41.1%
by Jessica Moore · The Cerbat GemiShares Global Tech ETF (NYSEARCA:IXN – Get Free Report) saw a large growth in short interest in March. As of March 31st, there was short interest totaling 955,816 shares, a growth of 41.1% from the March 15th total of 677,375 shares. Currently, 1.5% of the company’s stock are sold short. Based on an average trading volume of 366,076 shares, the short-interest ratio is presently 2.6 days.
iShares Global Tech ETF Stock Performance
Shares of NYSEARCA IXN opened at $112.06 on Wednesday. The stock has a 50 day moving average price of $104.90 and a 200 day moving average price of $105.56. The stock has a market capitalization of $7.05 billion, a PE ratio of 34.73 and a beta of 1.26. iShares Global Tech ETF has a 52 week low of $68.50 and a 52 week high of $112.78.
Institutional Trading of iShares Global Tech ETF
A number of large investors have recently added to or reduced their stakes in IXN. Purpose Unlimited Inc. bought a new stake in shares of iShares Global Tech ETF in the 4th quarter valued at about $135,000. Hsbc Holdings PLC bought a new position in shares of iShares Global Tech ETF in the fourth quarter worth $1,890,000. World Investment Advisors raised its stake in iShares Global Tech ETF by 2.5% in the fourth quarter. World Investment Advisors now owns 85,979 shares of the company’s stock valued at $9,028,000 after purchasing an additional 2,064 shares in the last quarter. Farmers National Bank bought a new stake in shares of iShares Global Tech ETF during the 4th quarter worth $698,000. Finally, Tempo Wealth LLC bought a new stake in shares of iShares Global Tech ETF during the 4th quarter valued at approximately $1,237,000.
About iShares Global Tech ETF
iShares Global Tech ETF (the Fund), formerly iShares S&P Global Technology 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 Information Technology Sector Index (the Index). The Index measures the performance of companies that Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw-Hill Companies (S&P) deems to be part of the information technology sector of the economy.