iShares Global Financials ETF (NYSEARCA:IXG – Get Free Report) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totaling 110,967 shares, an increase of 490.8% from the May 31st total of 18,784 shares. Approximately 2.5% of the company’s stock are sold short. Based on an average trading volume of 27,909 shares, the short-interest ratio is currently 4.0 days.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. NBC Securities Inc. increased its holdings in iShares Global Financials ETF by 5.1% in the fourth quarter. NBC Securities Inc. now owns 1,764 shares of the company’s stock worth $213,000 after buying an additional 86 shares during the last quarter. Fisher Asset Management LLC raised its stake in iShares Global Financials ETF by 1.5% during the 3rd quarter. Fisher Asset Management LLC now owns 6,782 shares of the company’s stock valued at $791,000 after purchasing an additional 102 shares during the last quarter. MML Investors Services LLC raised its position in shares of iShares Global Financials ETF by 2.3% during the fourth quarter. MML Investors Services LLC now owns 4,733 shares of the company’s stock valued at $572,000 after buying an additional 108 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of iShares Global Financials ETF by 3.1% in the 4th quarter. Integrated Wealth Concepts LLC now owns 3,968 shares of the company’s stock worth $479,000 after acquiring an additional 120 shares during the period. Finally, Tiller Private Wealth Inc. lifted its position in iShares Global Financials ETF by 2.8% in the fourth quarter. Tiller Private Wealth Inc. now owns 4,600 shares of the company’s stock worth $556,000 after purchasing an additional 125 shares during the period.
iShares Global Financials ETF Trading Up 0.2%
NYSEARCA:IXG traded up $0.21 on Friday, hitting $124.15. 10,193 shares of the company’s stock traded hands, compared to its average volume of 36,661. iShares Global Financials ETF has a 1 year low of $109.05 and a 1 year high of $127.03. The firm has a 50-day moving average price of $122.15 and a 200-day moving average price of $120.15. The company has a market cap of $552.47 million, a PE ratio of 14.77 and a beta of 0.81.
iShares Global Financials ETF Company Profile
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.
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