iShares Global Financials ETF (NYSEARCA:IXG) Sees Significant Growth in Short Interest

iShares Global Financials ETF (NYSEARCA:IXG) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 172,336 shares, a growth of 5,635.0% from the June 30th total of 3,005 shares. Based on an average trading volume of 88,964 shares, the days-to-cover ratio is presently 1.9 days. Currently, 3.4% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in IXG. HighTower Advisors LLC lifted its stake in shares of iShares Global Financials ETF by 1,074.0% in the fourth quarter. HighTower Advisors LLC now owns 106,705 shares of the company’s stock valued at $12,889,000 after buying an additional 97,616 shares during the period. Susquehanna International Group LLP lifted its position in shares of iShares Global Financials ETF by 1,633.9% in the 3rd quarter. Susquehanna International Group LLP now owns 64,867 shares of the company’s stock worth $7,568,000 after acquiring an additional 61,126 shares during the period. Raymond James Financial Inc. grew its holdings in shares of iShares Global Financials ETF by 543.9% during the 3rd quarter. Raymond James Financial Inc. now owns 69,261 shares of the company’s stock worth $8,081,000 after purchasing an additional 58,504 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of iShares Global Financials ETF by 174.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 64,386 shares of the company’s stock worth $7,145,000 after purchasing an additional 40,964 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of iShares Global Financials ETF during the fourth quarter valued at approximately $3,938,000.

iShares Global Financials ETF Price Performance

IXG stock traded up $1.34 on Friday, reaching $130.96. 33,793 shares of the company were exchanged, compared to its average volume of 41,503. iShares Global Financials ETF has a 12 month low of $109.05 and a 12 month high of $131.82. The stock’s fifty day moving average price is $125.14 and its 200 day moving average price is $121.28. The firm has a market capitalization of $667.90 million, a PE ratio of 14.77 and a beta of 0.81.

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.