iShares Global Materials ETF (NYSEARCA:MXI) Short Interest Update

iShares Global Materials ETF (NYSEARCA:MXI) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 51,461 shares, a growth of 96.9% from the December 15th total of 26,141 shares. Currently, 2.0% of the shares of the company are sold short. Based on an average daily volume of 14,413 shares, the short-interest ratio is currently 3.6 days. Based on an average daily volume of 14,413 shares, the short-interest ratio is currently 3.6 days. Currently, 2.0% of the shares of the company are sold short.

iShares Global Materials ETF Stock Performance

Shares of MXI opened at $103.83 on Friday. iShares Global Materials ETF has a one year low of $71.01 and a one year high of $105.00. The stock’s fifty day moving average is $95.76 and its 200-day moving average is $91.64. The firm has a market capitalization of $285.53 million, a price-to-earnings ratio of 18.88 and a beta of 0.96.

Institutional Investors Weigh In On iShares Global Materials ETF

A number of institutional investors and hedge funds have recently modified their holdings of MXI. Allworth Financial LP lifted its stake in iShares Global Materials ETF by 9.8% during the third quarter. Allworth Financial LP now owns 2,170 shares of the company’s stock valued at $201,000 after buying an additional 194 shares in the last quarter. Lodestone Wealth Management LLC acquired a new stake in shares of iShares Global Materials ETF during the fourth quarter valued at approximately $26,000. Creative Planning lifted its position in shares of iShares Global Materials ETF by 4.0% in the 2nd quarter. Creative Planning now owns 7,440 shares of the company’s stock valued at $636,000 after acquiring an additional 284 shares in the last quarter. Wealth Advisors of Tampa Bay LLC lifted its holdings in shares of iShares Global Materials ETF by 1.9% in the third quarter. Wealth Advisors of Tampa Bay LLC now owns 16,988 shares of the company’s stock valued at $1,571,000 after purchasing an additional 315 shares in the last quarter. Finally, Viawealth LLC boosted its position in shares of iShares Global Materials ETF by 7.5% in the second quarter. Viawealth LLC now owns 4,541 shares of the company’s stock worth $388,000 after buying an additional 317 shares during the period.

About iShares Global Materials ETF

iShares Global Materials ETF, formerly iShares S&P Global Materials Sector Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P Global Materials Sector Index (the Index). The Index is a subset of the S&P Global 1200 Index and measures the performance of companies that S&P deems to be part of the materials sector of the economy. Component companies include those companies engaged in a wide variety of commodity-related manufacturing and mining activities.