iShares Global Financials ETF (NYSEARCA:IXG) Short Interest Up 1,172.3% in December

iShares Global Financials ETF (NYSEARCA:IXG) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 17,176 shares, an increase of 1,172.3% from the December 15th total of 1,350 shares. Based on an average daily volume of 29,582 shares, the short-interest ratio is presently 0.6 days. Currently, 0.3% of the company’s shares are short sold. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 29,582 shares, the short-interest ratio is presently 0.6 days.

iShares Global Financials ETF Price Performance

iShares Global Financials ETF stock traded down $0.67 during mid-day trading on Wednesday, hitting $120.42. The company’s stock had a trading volume of 3,558 shares, compared to its average volume of 29,510. The business has a 50 day moving average price of $118.51 and a 200-day moving average price of $115.50. iShares Global Financials ETF has a 12 month low of $88.04 and a 12 month high of $124.32. The stock has a market cap of $644.25 million, a price-to-earnings ratio of 14.77 and a beta of 0.93.

Institutional Investors Weigh In On iShares Global Financials ETF

Several institutional investors have recently bought and sold shares of IXG. BOKF NA purchased a new position in iShares Global Financials ETF during the 3rd quarter valued at $37,000. Atlantic Union Bankshares Corp bought a new stake in shares of iShares Global Financials ETF during the 2nd quarter valued at about $45,000. Blair William & Co. IL boosted its stake in shares of iShares Global Financials ETF by 112.2% during the 3rd 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. Sava Infond d.o.o. increased its position in shares of 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 valued at $67,000 after buying an additional 175 shares during the period. Finally, AE Wealth Management LLC raised its stake in iShares Global Financials ETF by 87,900.0% in the third quarter. AE Wealth Management LLC now owns 880 shares of the company’s stock worth $103,000 after buying an additional 879 shares in 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.