iShares Global Comm Services ETF (NYSEARCA:IXP) Sees Significant Increase in Short Interest

iShares Global Comm Services ETF (NYSEARCA:IXP) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 28,708 shares, a growth of 265.0% from the June 15th total of 7,865 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 56,476 shares, the short-interest ratio is presently 0.5 days.

iShares Global Comm Services ETF Stock Performance

Shares of NYSEARCA:IXP traded down $0.56 during trading on Monday, reaching $117.58. 9,800 shares of the stock traded hands, compared to its average volume of 37,504. The stock has a 50-day moving average of $119.68 and a two-hundred day moving average of $120.08. iShares Global Comm Services ETF has a 52-week low of $109.87 and a 52-week high of $126.92. The stock has a market cap of $540.87 million, a P/E ratio of 19.46 and a beta of 0.90.

Hedge Funds Weigh In On iShares Global Comm Services ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IXP. CX Institutional boosted its stake in iShares Global Comm Services ETF by 3,090.2% during the 2nd quarter. CX Institutional now owns 6,540 shares of the company’s stock valued at $738,000 after purchasing an additional 6,335 shares during the last quarter. One Charles Private Wealth Services LLC raised its stake in shares of iShares Global Comm Services ETF by 6.6% in the first quarter. One Charles Private Wealth Services LLC now owns 3,545 shares of the company’s stock worth $407,000 after purchasing an additional 219 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of iShares Global Comm Services ETF by 19.2% during the first quarter. Parallel Advisors LLC now owns 1,514 shares of the company’s stock valued at $174,000 after purchasing an additional 244 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of iShares Global Comm Services ETF by 6.7% during the first quarter. Bessemer Group Inc. now owns 5,487 shares of the company’s stock valued at $630,000 after purchasing an additional 345 shares in the last quarter. Finally, Sanctuary Advisors LLC lifted its holdings in shares of iShares Global Comm Services ETF by 49.0% during the first quarter. Sanctuary Advisors LLC now owns 2,662 shares of the company’s stock valued at $306,000 after purchasing an additional 876 shares in the last quarter.

About iShares Global Comm Services ETF

The iShares Global Comm Services ETF (IXP) is an exchange-traded fund that mostly invests in communication services equity. The fund tracks a market-cap-weighted index of global communication services companies, drawn from 1,200 global stocks selected by S&P. IXP was launched on Nov 12, 2001 and is managed by BlackRock.