Global X FinTech ETF (NASDAQ:FINX) Sees Significant Drop in Short Interest

Global X FinTech ETF (NASDAQ:FINX) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totaling 144,970 shares, a decline of 37.2% from the September 15th total of 230,666 shares. Based on an average trading volume of 37,850 shares, the days-to-cover ratio is presently 3.8 days. Currently, 2.3% of the company’s stock are short sold.

Hedge Funds Weigh In On Global X FinTech ETF

A number of hedge funds have recently bought and sold shares of FINX. Sherman Asset Management Inc. bought a new stake in Global X FinTech ETF during the 1st quarter valued at about $27,000. Rockefeller Capital Management L.P. raised its holdings in Global X FinTech ETF by 15.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,327 shares of the company’s stock worth $127,000 after buying an additional 566 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Global X FinTech ETF in the second quarter worth approximately $116,000. RPg Family Wealth Advisory LLC bought a new position in shares of Global X FinTech ETF in the second quarter worth approximately $377,000. Finally, Risk Paradigm Group LLC bought a new position in shares of Global X FinTech ETF in the second quarter worth approximately $377,000.

Global X FinTech ETF Trading Up 3.8%

NASDAQ FINX opened at $25.01 on Friday. Global X FinTech ETF has a 12 month low of $22.08 and a 12 month high of $35.32. The stock’s fifty day moving average price is $25.98 and its 200-day moving average price is $25.39. The stock has a market cap of $159.31 million, a P/E ratio of 31.36 and a beta of 1.55.

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.