Global X FinTech ETF (NASDAQ:FINX) Short Interest Up 117.8% in May

Global X FinTech ETF (NASDAQ:FINX) was the recipient of a significant 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 short sold. Based on an average daily volume of 72,103 shares, the short-interest ratio is presently 2.4 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. lifted its stake in Global X FinTech ETF by 14,063.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 96,312 shares of the company’s stock worth $2,834,000 after purchasing an additional 95,632 shares during the last quarter. Susquehanna International Group LLP bought a new stake in Global X FinTech ETF in the third quarter worth about $2,030,000. Ameriprise Financial Inc. lifted its stake in Global X FinTech ETF by 43.4% in the third quarter. Ameriprise Financial Inc. now owns 141,472 shares of the company’s stock worth $4,741,000 after purchasing an additional 42,837 shares during the last quarter. Jane Street Group LLC lifted its stake in Global X FinTech ETF by 410.4% in the second quarter. Jane Street Group LLC now owns 47,934 shares of the company’s stock worth $1,640,000 after purchasing an additional 38,543 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in Global X FinTech ETF by 74.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 90,000 shares of the company’s stock worth $2,649,000 after purchasing an additional 38,500 shares during the last quarter.

Global X FinTech ETF Price Performance

Shares of Global X FinTech ETF stock opened at $24.22 on Monday. The firm has a market cap of $183.35 million, a price-to-earnings ratio of 31.36 and a beta of 1.54. The business has a 50-day moving average price of $24.96 and a 200-day moving average price of $26.38. Global X FinTech ETF has a twelve month low of $22.08 and a twelve month high of $35.58.

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.