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

iShares Global Financials ETF (NYSEARCA:IXG) saw a large increase in short interest in January. As of January 30th, there was short interest totaling 26,507 shares, an increase of 98.9% from the January 15th total of 13,324 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 28,850 shares, the short-interest ratio is currently 0.9 days. Based on an average daily volume of 28,850 shares, the short-interest ratio is currently 0.9 days. Approximately 0.5% of the company’s shares are short sold.

Institutional Investors Weigh In On iShares Global Financials ETF

Hedge funds have recently made changes to their positions in the business. Integrated Wealth Concepts LLC increased its stake in iShares Global Financials ETF by 11.4% in the first quarter. Integrated Wealth Concepts LLC now owns 2,473 shares of the company’s stock valued at $255,000 after purchasing an additional 253 shares during the last quarter. Jane Street Group LLC grew its holdings in iShares Global Financials ETF by 14.2% in the 1st quarter. Jane Street Group LLC now owns 33,211 shares of the company’s stock valued at $3,421,000 after buying an additional 4,131 shares during the period. FSM Wealth Advisors LLC acquired a new position in shares of iShares Global Financials ETF during the 2nd quarter valued at about $453,000. City State Bank increased its stake in shares of iShares Global Financials ETF by 16.3% during the 2nd quarter. City State Bank now owns 1,425 shares of the company’s stock valued at $158,000 after acquiring an additional 200 shares during the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new position in shares of iShares Global Financials ETF during the 2nd quarter worth about $45,000.

iShares Global Financials ETF Trading Down 0.6%

Shares of NYSEARCA IXG traded down $0.74 during midday trading on Friday, reaching $119.78. 18,511 shares of the stock were exchanged, compared to its average volume of 26,564. The company has a market capitalization of $652.80 million, a P/E ratio of 14.77 and a beta of 0.93. The stock has a 50 day moving average price of $121.38 and a 200-day moving average price of $117.10. iShares Global Financials ETF has a 52-week low of $88.04 and a 52-week high of $124.32.

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.