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

iShares Global Financials ETF (NYSEARCA:IXG) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 110,967 shares, an increase of 490.8% from the May 31st total of 18,784 shares. Based on an average daily volume of 27,909 shares, the short-interest ratio is currently 4.0 days. Approximately 2.5% of the shares of the company are short sold.

iShares Global Financials ETF Stock Performance

Shares of NYSEARCA:IXG traded up $0.03 during trading hours on Friday, hitting $123.97. The stock had a trading volume of 19,934 shares, compared to its average volume of 36,744. The stock’s fifty day simple moving average is $122.19 and its 200 day simple moving average is $120.18. The firm has a market capitalization of $551.67 million, a price-to-earnings 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 $127.03.

Institutional Trading of iShares Global Financials ETF

Large investors have recently added to or reduced their stakes in the business. Optiver Holding B.V. bought a new stake in iShares Global Financials ETF during the 1st quarter valued at $27,000. NBT Bank N A NY increased its holdings in shares of iShares Global Financials ETF by 151.2% during the first quarter. NBT Bank N A NY now owns 304 shares of the company’s stock valued at $35,000 after purchasing an additional 183 shares during the period. BOKF NA acquired a new position in shares of iShares Global Financials ETF during the third quarter valued at $37,000. Arax Advisory Partners bought a new stake in shares of iShares Global Financials ETF during the fourth quarter valued at about $43,000. Finally, Blair William & Co. IL raised its stake in shares of iShares Global Financials ETF by 112.2% during 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 in the last quarter.

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.