iShares Global Financials ETF (NYSEARCA:IXG) Short Interest Update

iShares Global Financials ETF (NYSEARCA:IXG) was the target of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 3,005 shares, a decrease of 97.3% from the June 15th total of 110,967 shares. Based on an average daily trading volume, of 59,344 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. HighTower Advisors LLC raised its holdings in iShares Global Financials ETF by 1,074.0% in the 4th 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. World Investment Advisors acquired a new stake in shares of iShares Global Financials ETF during the fourth quarter worth about $414,000. KCM Investment Advisors LLC lifted its holdings in iShares Global Financials ETF by 2.8% during the 4th quarter. KCM Investment Advisors LLC now owns 5,882 shares of the company’s stock worth $710,000 after buying an additional 160 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC purchased a new position in iShares Global Financials ETF in the 4th quarter valued at approximately $162,000. Finally, Sanctuary Advisors LLC purchased a new position in iShares Global Financials ETF in the 4th quarter valued at approximately $203,000.

iShares Global Financials ETF Stock Performance

Shares of NYSEARCA IXG traded up $0.76 during mid-day trading on Friday, reaching $129.24. The company’s stock had a trading volume of 79,737 shares, compared to its average volume of 38,350. The stock has a market capitalization of $607.43 million, a P/E ratio of 14.77 and a beta of 0.81. iShares Global Financials ETF has a 1-year low of $109.05 and a 1-year high of $130.29. The stock has a 50-day moving average of $123.47 and a two-hundred day moving average of $120.74.

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.