iShares Global Financials ETF (NYSEARCA:IXG) Short Interest Update

iShares Global Financials ETF (NYSEARCA:IXG) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totaling 22,927 shares, a decline of 41.4% from the August 15th total of 39,132 shares. Based on an average daily volume of 43,874 shares, the short-interest ratio is presently 0.5 days. Approximately 0.4% of the company’s stock are short sold.

Hedge Funds Weigh In On iShares Global Financials ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. KCM Investment Advisors LLC boosted its holdings in iShares Global Financials ETF by 2.8% in the fourth quarter. KCM Investment Advisors LLC now owns 5,882 shares of the company’s stock valued at $710,000 after purchasing an additional 160 shares during the last quarter. 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 valued at $35,000 after purchasing an additional 183 shares in the last quarter. Optiver Holding B.V. purchased a new stake in iShares Global Financials ETF during the 1st quarter worth approximately $27,000. Kestra Advisory Services LLC increased its holdings in iShares Global Financials ETF by 3.6% during the 1st quarter. Kestra Advisory Services LLC now owns 8,502 shares of the company’s stock worth $969,000 after purchasing an additional 293 shares during the last quarter. Finally, Ascentis Independent Advisors acquired a new position in shares of iShares Global Financials ETF in the 1st quarter valued at approximately $63,000.

iShares Global Financials ETF Price Performance

IXG traded up $0.71 during trading hours on Thursday, reaching $132.28. 45,936 shares of the stock traded hands, compared to its average volume of 45,801. The firm’s fifty day simple moving average is $133.13 and its two-hundred day simple moving average is $124.74. The company has a market cap of $662.72 million, a price-to-earnings ratio of 14.77 and a beta of 0.80. iShares Global Financials ETF has a fifty-two week low of $109.99 and a fifty-two week high of $137.00.

iShares Global Financials ETF Company Profile

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.