Global X FinTech Thematic ETF (NASDAQ:FINX) Sees Large Growth in Short Interest

Global X FinTech Thematic ETF (NASDAQ:FINXGet Free Report) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 61,000 shares, an increase of 14.7% from the March 15th total of 53,200 shares. Based on an average daily volume of 108,100 shares, the days-to-cover ratio is presently 0.6 days.

Global X FinTech Thematic ETF Stock Down 0.7 %

NASDAQ FINX traded down $0.19 on Tuesday, reaching $25.21. The stock had a trading volume of 67,541 shares, compared to its average volume of 107,973. The firm has a market capitalization of $324.20 million, a price-to-earnings ratio of 31.69 and a beta of 1.35. Global X FinTech Thematic ETF has a 12-month low of $18.17 and a 12-month high of $27.97. The stock has a fifty day moving average price of $26.40 and a two-hundred day moving average price of $23.79.

Institutional Trading of Global X FinTech Thematic ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FINX. Comerica Bank purchased a new stake in shares of Global X FinTech Thematic ETF during the third quarter worth $27,000. Credit Suisse AG purchased a new stake in shares of Global X FinTech Thematic ETF during the second quarter worth $42,000. Simplex Trading LLC purchased a new stake in shares of Global X FinTech Thematic ETF during the third quarter worth $45,000. Oxford Financial Group Ltd. purchased a new stake in shares of Global X FinTech Thematic ETF during the fourth quarter worth $64,000. Finally, Money Concepts Capital Corp purchased a new stake in shares of Global X FinTech Thematic ETF during the fourth quarter worth $73,000.

Global X FinTech Thematic ETF Company Profile

(Get Free Report)

The Global X FinTech ETF (FINX) is an exchange-traded fund that is based on the Indxx Global Fintech Thematic index, a market-cap-weighted index of companies in developed markets that derive significant revenues from providing financial technology products and services. FINX was launched on Sep 12, 2016 and is managed by Global X.

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