iShares Global Materials ETF (NYSEARCA:MXI) Short Interest Update

iShares Global Materials ETF (NYSEARCA:MXI) was the recipient of a significant decrease in short interest in February. As of February 27th, there was short interest totaling 32,665 shares, a decrease of 71.7% from the February 12th total of 115,281 shares. Approximately 1.1% of the company’s stock are sold short. Based on an average daily volume of 66,195 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 66,195 shares, the days-to-cover ratio is presently 0.5 days. Approximately 1.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Jane Street Group LLC purchased a new stake in iShares Global Materials ETF in the 1st quarter worth approximately $3,378,000. Stratos Wealth Partners LTD. acquired a new position in iShares Global Materials ETF in the fourth quarter valued at $2,626,000. Palladiem LLC purchased a new stake in iShares Global Materials ETF in the 4th quarter valued at about $2,246,000. UMB Bank n.a. acquired a new position in shares of iShares Global Materials ETF during the 4th quarter valued at about $1,570,000. Finally, J. Safra Sarasin Holding AG acquired a new stake in shares of iShares Global Materials ETF in the fourth quarter worth approximately $1,305,000.

iShares Global Materials ETF Stock Performance

NYSEARCA MXI traded down $0.93 during trading on Wednesday, reaching $106.28. The company’s stock had a trading volume of 23,086 shares, compared to its average volume of 43,010. The business’s fifty day moving average price is $107.88 and its 200-day moving average price is $97.73. iShares Global Materials ETF has a twelve month low of $71.01 and a twelve month high of $116.61. The firm has a market cap of $308.21 million, a price-to-earnings ratio of 18.88 and a beta of 0.96.

iShares Global Materials ETF Company Profile

iShares Global Materials ETF, formerly iShares S&P Global Materials Sector Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P Global Materials Sector Index (the Index). The Index is a subset of the S&P Global 1200 Index and measures the performance of companies that S&P deems to be part of the materials sector of the economy. Component companies include those companies engaged in a wide variety of commodity-related manufacturing and mining activities.