iShares Global Comm Services ETF (NYSEARCA:IXP) Short Interest Update

iShares Global Comm Services ETF (NYSEARCA:IXP) was the target of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 7,595 shares, a drop of 48.8% from the July 30th total of 14,824 shares. Based on an average trading volume of 15,531 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the company’s stock are sold short.

iShares Global Comm Services ETF Stock Up 1.1%

Shares of NYSEARCA IXP traded up $1.25 during mid-day trading on Friday, reaching $117.61. 6,578 shares of the company were exchanged, compared to its average volume of 37,564. The stock has a market cap of $570.41 million, a price-to-earnings ratio of 19.46 and a beta of 0.90. iShares Global Comm Services ETF has a 1 year low of $110.89 and a 1 year high of $126.92. The firm has a 50-day moving average of $115.95 and a 200 day moving average of $118.84.

Hedge Funds Weigh In On iShares Global Comm Services ETF

Large investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC purchased a new stake in shares of iShares Global Comm Services ETF during the fourth quarter valued at about $31,000. Goodman Advisory Group LLC bought a new stake in shares of iShares Global Comm Services ETF in the 1st quarter valued at about $40,000. AlphaCore Capital LLC grew its position in shares of iShares Global Comm Services ETF by 4,300.0% in the 4th quarter. AlphaCore Capital LLC now owns 484 shares of the company’s stock worth $59,000 after buying an additional 473 shares during the last quarter. Parallel Advisors LLC grew its position in shares of iShares Global Comm Services ETF by 19.2% in the 1st quarter. Parallel Advisors LLC now owns 1,514 shares of the company’s stock worth $174,000 after buying an additional 244 shares during the last quarter. Finally, KCM Investment Advisors LLC bought a new position in shares of iShares Global Comm Services ETF during the 4th quarter worth approximately $201,000.

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.