iShares Global Tech ETF (NYSEARCA:IXN) Sees Significant Increase in Short Interest

iShares Global Tech ETF (NYSEARCA:IXN) was the recipient of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 748,542 shares, a growth of 34.4% from the February 12th total of 556,793 shares. Based on an average daily trading volume, of 236,073 shares, the short-interest ratio is presently 3.2 days. Approximately 1.2% of the company’s stock are short sold. Approximately 1.2% of the company’s stock are short sold. Based on an average daily trading volume, of 236,073 shares, the short-interest ratio is presently 3.2 days.

Hedge Funds Weigh In On iShares Global Tech ETF

Large investors have recently bought and sold shares of the business. Brighton Jones LLC lifted its holdings in iShares Global Tech ETF by 16.7% during the 4th quarter. Brighton Jones LLC now owns 4,390 shares of the company’s stock worth $372,000 after buying an additional 627 shares during the last quarter. Prospera Financial Services Inc purchased a new position in shares of iShares Global Tech ETF in the 2nd quarter valued at about $249,000. Vise Technologies Inc. purchased a new position in shares of iShares Global Tech ETF in the 2nd quarter valued at about $339,000. SBI Securities Co. Ltd. raised its position in shares of iShares Global Tech ETF by 2.7% during the 2nd quarter. SBI Securities Co. Ltd. now owns 6,285 shares of the company’s stock worth $580,000 after acquiring an additional 168 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of iShares Global Tech ETF by 0.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 13,498 shares of the company’s stock worth $1,246,000 after acquiring an additional 115 shares in the last quarter.

iShares Global Tech ETF Trading Down 0.9%

Shares of IXN opened at $102.80 on Friday. iShares Global Tech ETF has a twelve month low of $63.58 and a twelve month high of $112.78. The firm’s fifty day simple moving average is $106.62 and its 200-day simple moving average is $104.77. The firm has a market capitalization of $6.27 billion, a price-to-earnings ratio of 34.73 and a beta of 1.24.

iShares Global Tech ETF Company Profile

iShares Global Tech ETF (the Fund), formerly iShares S&P Global Technology Sector Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Global 1200 Information Technology Sector Index (the Index). The Index measures the performance of companies that Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw-Hill Companies (S&P) deems to be part of the information technology sector of the economy.