Short Interest in iShares Global Materials ETF (NYSEARCA:MXI) Drops By 43.1%

iShares Global Materials ETF (NYSEARCA:MXI) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 15,418 shares, a decrease of 43.1% from the May 31st total of 27,101 shares. Based on an average daily volume of 15,376 shares, the short-interest ratio is presently 1.0 days. Currently, 0.5% of the company’s stock are sold short.

Institutional Trading of iShares Global Materials ETF

Institutional investors have recently made changes to their positions in the business. Pathway Financial Advisors LLC boosted its stake in iShares Global Materials ETF by 3.3% in the 4th quarter. Pathway Financial Advisors LLC now owns 186,204 shares of the company’s stock worth $18,854,000 after purchasing an additional 5,968 shares in the last quarter. Bank of America Corp DE lifted its stake in iShares Global Materials ETF by 57.2% during the 1st quarter. Bank of America Corp DE now owns 117,422 shares of the company’s stock valued at $12,473,000 after acquiring an additional 42,740 shares during the period. HighTower Advisors LLC boosted its holdings in iShares Global Materials ETF by 0.3% in the fourth quarter. HighTower Advisors LLC now owns 105,893 shares of the company’s stock valued at $10,234,000 after purchasing an additional 353 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of iShares Global Materials ETF in the first quarter worth about $3,378,000. Finally, LPL Financial LLC boosted its position in iShares Global Materials ETF by 2.5% in the 4th quarter. LPL Financial LLC now owns 32,388 shares of the company’s stock worth $3,130,000 after purchasing an additional 805 shares in the last quarter.

iShares Global Materials ETF Price Performance

iShares Global Materials ETF stock opened at $107.78 on Friday. The firm has a market cap of $350.29 million, a P/E ratio of 18.88 and a beta of 0.88. iShares Global Materials ETF has a twelve month low of $83.50 and a twelve month high of $116.61. The business has a fifty day moving average of $110.34 and a two-hundred day moving average of $107.62.

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.