iShares Global Financials ETF (NYSEARCA:IXG) Short Interest Down 22.4% in January

iShares Global Financials ETF (NYSEARCA:IXG) was the target of a significant decline in short interest in January. As of January 15th, there was short interest totaling 13,324 shares, a decline of 22.4% from the December 31st total of 17,176 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 29,911 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 29,911 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company’s shares are short sold.

Institutional Trading of iShares Global Financials ETF

A number of hedge funds have recently added to or reduced their stakes in IXG. BOKF NA acquired a new position in shares of iShares Global Financials ETF during the 3rd quarter valued at about $37,000. Atlantic Union Bankshares Corp purchased a new stake in iShares Global Financials ETF in the second quarter valued at approximately $45,000. Blair William & Co. IL grew its holdings in iShares Global Financials ETF by 112.2% in 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 during the period. Sava Infond d.o.o. increased its position in iShares Global Financials ETF by 43.8% during the third quarter. Sava Infond d.o.o. now owns 575 shares of the company’s stock worth $67,000 after purchasing an additional 175 shares during the last quarter. Finally, AE Wealth Management LLC raised its stake in iShares Global Financials ETF by 87,900.0% during the third quarter. AE Wealth Management LLC now owns 880 shares of the company’s stock worth $103,000 after purchasing an additional 879 shares during the period.

iShares Global Financials ETF Stock Performance

NYSEARCA IXG traded down $0.32 during mid-day trading on Tuesday, reaching $122.50. 59,717 shares of the stock were exchanged, compared to its average volume of 30,328. The stock has a market capitalization of $661.50 million, a PE ratio of 14.77 and a beta of 0.93. iShares Global Financials ETF has a 1-year low of $88.04 and a 1-year high of $124.32. The business’s fifty day simple moving average is $120.52 and its 200 day simple moving average is $116.58.

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.