Short Interest in iShares Global Financials ETF (NYSEARCA:IXG) Declines By 89.4%

iShares Global Financials ETF (NYSEARCA:IXG) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 18,223 shares, a decline of 89.4% from the July 15th total of 172,336 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 63,702 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On iShares Global Financials ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. HighTower Advisors LLC boosted 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 worth $12,889,000 after buying an additional 97,616 shares during the period. Ascentis Independent Advisors purchased a new stake in shares of iShares Global Financials ETF during the first quarter worth $63,000. NBT Bank N A NY lifted its position 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 worth $35,000 after acquiring an additional 183 shares in the last quarter. Unique Wealth LLC bought a new position in shares of iShares Global Financials ETF in the first quarter worth $399,000. Finally, World Investment Advisors bought a new position in shares of iShares Global Financials ETF in the fourth quarter worth $414,000.

iShares Global Financials ETF Trading Up 0.3%

Shares of NYSEARCA:IXG traded up $0.40 during midday trading on Wednesday, reaching $134.18. The company had a trading volume of 116,349 shares, compared to its average volume of 43,210. The stock has a market cap of $684.32 million, a P/E ratio of 14.77 and a beta of 0.80. iShares Global Financials ETF has a 52-week low of $109.99 and a 52-week high of $135.65. The company’s 50 day moving average price is $128.19 and its 200 day moving average price is $122.33.

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.