iShares Global Materials ETF (NYSEARCA:MXI – Get Free Report) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 15,418 shares, a decline of 43.1% from the May 31st total of 27,101 shares. Based on an average trading volume of 15,376 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.5% of the shares of the company are short sold.
iShares Global Materials ETF Price Performance
iShares Global Materials ETF stock traded up $0.12 during trading hours on Wednesday, hitting $105.96. 6,658 shares of the stock traded hands, compared to its average volume of 34,897. The firm’s 50 day moving average price is $110.40 and its 200-day moving average price is $107.54. The stock has a market capitalization of $344.37 million, a price-to-earnings ratio of 18.88 and a beta of 0.88. iShares Global Materials ETF has a 1 year low of $83.50 and a 1 year high of $116.61.
Institutional Investors Weigh In On iShares Global Materials ETF
A number of large investors have recently bought and sold shares of MXI. Lodestone Wealth Management LLC purchased a new position in iShares Global Materials ETF during the 4th quarter worth approximately $26,000. Western Wealth Management LLC purchased a new stake in shares of iShares Global Materials ETF in the 1st quarter valued at $28,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of iShares Global Materials ETF by 45.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 663 shares of the company’s stock worth $64,000 after acquiring an additional 206 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of iShares Global Materials ETF in the fourth quarter worth $74,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of iShares Global Materials ETF during the fourth quarter worth $79,000.
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.
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