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

iShares Global Financials ETF (NYSEARCA:IXG) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totaling 21,320 shares, an increase of 683.5% from the April 30th total of 2,721 shares. Based on an average daily volume of 17,742 shares, the short-interest ratio is presently 1.2 days. Currently, 0.5% of the shares of the stock are sold short.

iShares Global Financials ETF Trading Up 0.6%

NYSEARCA:IXG traded up $0.69 during midday trading on Friday, hitting $121.95. 18,555 shares of the stock were exchanged, compared to its average volume of 35,411. iShares Global Financials ETF has a one year low of $106.15 and a one year high of $124.32. The company has a market capitalization of $542.68 million, a price-to-earnings ratio of 14.77 and a beta of 0.82. The business has a 50-day moving average price of $118.94 and a two-hundred day moving average price of $119.06.

Institutional Investors Weigh In On iShares Global Financials ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in iShares Global Financials ETF by 9.6% during the third quarter. Bank of America Corp DE now owns 309,112 shares of the company’s stock worth $36,065,000 after purchasing an additional 27,062 shares in the last quarter. HighTower Advisors LLC raised its holdings in iShares Global Financials ETF by 1,074.0% during the fourth quarter. HighTower Advisors LLC now owns 106,705 shares of the company’s stock worth $12,889,000 after purchasing an additional 97,616 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in iShares Global Financials ETF by 1,681.5% during the third quarter. Envestnet Asset Management Inc. now owns 96,574 shares of the company’s stock worth $11,268,000 after purchasing an additional 91,153 shares in the last quarter. Ameriprise Financial Inc. grew its position in iShares Global Financials ETF by 26.1% in the third quarter. Ameriprise Financial Inc. now owns 81,175 shares of the company’s stock worth $9,471,000 after buying an additional 16,789 shares during the last quarter. Finally, Raymond James Financial Inc. grew its position in iShares Global Financials ETF by 543.9% in the third quarter. Raymond James Financial Inc. now owns 69,261 shares of the company’s stock worth $8,081,000 after buying an additional 58,504 shares during the last quarter.

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.