iShares Global Financials ETF (NYSEARCA:IXG) Short Interest Up 5,635.0% in July

iShares Global Financials ETF (NYSEARCA:IXG) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 172,336 shares, an increase of 5,635.0% from the June 30th total of 3,005 shares. Approximately 3.4% of the company’s shares are sold short. Based on an average daily volume of 88,964 shares, the days-to-cover ratio is presently 1.9 days.

iShares Global Financials ETF Stock Up 1.0%

IXG opened at $130.96 on Friday. The firm has a market cap of $667.90 million, a P/E ratio of 14.77 and a beta of 0.81. iShares Global Financials ETF has a 52 week low of $109.05 and a 52 week high of $131.82. The business has a fifty day simple moving average of $125.36 and a 200-day simple moving average of $121.35.

Institutional Investors Weigh In On iShares Global Financials ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Optiver Holding B.V. acquired a new position in shares of iShares Global Financials ETF in the 1st quarter valued at $27,000. NBT Bank N A NY grew its stake in iShares Global Financials ETF by 151.2% during the 1st quarter. NBT Bank N A NY now owns 304 shares of the company’s stock worth $35,000 after buying an additional 183 shares during the last quarter. BOKF NA acquired a new position in iShares Global Financials ETF during the third quarter worth approximately $37,000. Arax Advisory Partners acquired a new position in iShares Global Financials ETF during the fourth quarter worth approximately $43,000. Finally, Blair William & Co. IL boosted its holdings in shares of iShares Global Financials ETF by 112.2% in the third quarter. Blair William & Co. IL now owns 488 shares of the company’s stock valued at $57,000 after acquiring an additional 258 shares during the period.

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.