Global X FinTech ETF (NASDAQ:FINX) Short Interest Up 123.5% in July

Global X FinTech ETF (NASDAQ:FINX) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 375,304 shares, a growth of 123.5% from the July 15th total of 167,889 shares. Based on an average daily volume of 89,090 shares, the short-interest ratio is presently 4.2 days. Currently, 5.7% of the company’s shares are sold short.

Global X FinTech ETF Trading Down 1.3%

Shares of NASDAQ FINX traded down $0.35 during midday trading on Friday, reaching $26.76. 153,605 shares of the stock were exchanged, compared to its average volume of 91,146. The stock has a 50 day moving average price of $25.36 and a 200-day moving average price of $25.00. The company has a market capitalization of $175.28 million, a P/E ratio of 31.36 and a beta of 1.53. Global X FinTech ETF has a 52-week low of $22.08 and a 52-week high of $35.58.

Global X FinTech ETF Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, July 7th. Investors of record on Monday, June 29th were given a dividend of $0.0429 per share. The ex-dividend date was Monday, June 29th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Moran Wealth Management LLC boosted its holdings in shares of Global X FinTech ETF by 58.4% during the fourth quarter. Moran Wealth Management LLC now owns 52,415 shares of the company’s stock worth $1,543,000 after purchasing an additional 19,334 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased 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 valued at $2,649,000 after purchasing an additional 38,500 shares during the last quarter. Sanctuary Advisors LLC lifted its position in Global X FinTech ETF by 172.7% during the fourth quarter. Sanctuary Advisors LLC now owns 32,267 shares of the company’s stock worth $950,000 after buying an additional 20,435 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Global X FinTech ETF by 14,063.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 96,312 shares of the company’s stock worth $2,834,000 after buying an additional 95,632 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in Global X FinTech ETF by 91.1% during the fourth quarter. Farther Finance Advisors LLC now owns 29,977 shares of the company’s stock worth $882,000 after buying an additional 14,293 shares during the period.

About Global X FinTech ETF

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.