Global X FinTech ETF (NASDAQ:FINX) Short Interest Up 123.5% in July

Global X FinTech ETF (NASDAQ:FINX) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 375,304 shares, a growth of 123.5% from the July 15th total of 167,889 shares. Based on an average trading volume of 89,090 shares, the short-interest ratio is currently 4.2 days. Approximately 5.7% of the company’s shares are sold short.

Institutional Trading of Global X FinTech ETF

Institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE increased its holdings in shares of Global X FinTech ETF by 9.8% during the 3rd quarter. Bank of America Corp DE now owns 392,907 shares of the company’s stock worth $13,170,000 after buying an additional 35,231 shares during the last quarter. Scotia Capital Inc. boosted its holdings in Global X FinTech ETF by 3.0% in the third quarter. Scotia Capital Inc. now owns 156,456 shares of the company’s stock valued at $5,247,000 after acquiring an additional 4,497 shares during the last quarter. UBS Group AG grew its position in Global X FinTech ETF by 1.5% during the third quarter. UBS Group AG now owns 148,085 shares of the company’s stock valued at $4,964,000 after acquiring an additional 2,239 shares during the period. Ameriprise Financial Inc. grew its position in Global X FinTech ETF by 43.4% during the third quarter. Ameriprise Financial Inc. now owns 141,472 shares of the company’s stock valued at $4,741,000 after acquiring an additional 42,837 shares during the period. Finally, Raymond James Financial Inc. grew its position in Global X FinTech ETF by 17.8% during the third quarter. Raymond James Financial Inc. now owns 100,401 shares of the company’s stock valued at $3,365,000 after acquiring an additional 15,183 shares during the period.

Global X FinTech ETF Stock Performance

Global X FinTech ETF stock traded down $0.35 during trading on Friday, reaching $26.76. The company had a trading volume of 153,605 shares, compared to its average volume of 91,146. Global X FinTech ETF has a 12-month low of $22.08 and a 12-month high of $35.58. The stock’s 50 day moving average price is $25.36 and its two-hundred day moving average price is $25.00. The firm has a market capitalization of $175.28 million, a price-to-earnings ratio of 31.36 and a beta of 1.53.

Global X FinTech ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Monday, June 29th were paid a dividend of $0.0429 per share. The ex-dividend date of this dividend was Monday, June 29th.

About Global X FinTech ETF

The Global X FinTech ETF (FINX) is an exchange-traded fund that is based on the Indxx Global Fintech Thematic index, a market-cap-weighted index of companies in developed markets that derive significant revenues from providing financial technology products and services. FINX was launched on Sep 12, 2016 and is managed by Global X.