Short Interest in iShares Global Financials ETF (NYSEARCA:IXG) Decreases By 92.0%

iShares Global Financials ETF (NYSEARCA:IXG) was the recipient of a large decline in short interest in March. As of March 13th, there was short interest totaling 2,085 shares, a decline of 92.0% from the February 26th total of 25,966 shares. Based on an average daily volume of 105,731 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 105,731 shares, the short-interest ratio is presently 0.0 days.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. BOKF NA acquired a new stake in iShares Global Financials ETF in the 3rd quarter valued at $37,000. Arax Advisory Partners acquired a new position in iShares Global Financials ETF during the fourth quarter worth $43,000. Blair William & Co. IL lifted its holdings in iShares Global Financials ETF by 112.2% during the third quarter. Blair William & Co. IL now owns 488 shares of the company’s stock valued at $57,000 after purchasing an additional 258 shares in the last quarter. Barclays PLC purchased a new position in iShares Global Financials ETF during the fourth quarter valued at $62,000. Finally, Sava Infond d.o.o. grew its position in shares of iShares Global Financials ETF by 43.8% in the third quarter. Sava Infond d.o.o. now owns 575 shares of the company’s stock valued at $67,000 after purchasing an additional 175 shares during the period.

iShares Global Financials ETF Price Performance

NYSEARCA IXG traded up $1.12 during trading hours on Wednesday, reaching $113.73. The company’s stock had a trading volume of 15,936 shares, compared to its average volume of 46,863. The firm has a market capitalization of $619.83 million, a price-to-earnings ratio of 14.77 and a beta of 0.93. The company’s 50-day moving average is $118.93 and its two-hundred day moving average is $117.69. iShares Global Financials ETF has a 1-year low of $88.04 and a 1-year high of $124.32.

About iShares Global Financials ETF

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.