iShares Global Financials ETF (NYSEARCA:IXG – Get Free Report) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 6,107 shares, a decrease of 96.7% from the September 15th total of 187,362 shares. Based on an average trading volume of 33,114 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are short sold.
iShares Global Financials ETF Stock Up 0.7%
Shares of iShares Global Financials ETF stock traded up $0.93 during midday trading on Friday, hitting $127.56. The company had a trading volume of 30,758 shares, compared to its average volume of 45,290. The company has a fifty day simple moving average of $132.32 and a 200 day simple moving average of $126.24. The stock has a market cap of $695.20 million, a price-to-earnings ratio of 14.77 and a beta of 0.82. iShares Global Financials ETF has a 12-month low of $109.99 and a 12-month high of $137.00.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in IXG. Kestra Advisory Services LLC lifted its stake in shares of iShares Global Financials ETF by 3.6% during the first quarter. Kestra Advisory Services LLC now owns 8,502 shares of the company’s stock worth $969,000 after buying an additional 293 shares during the period. KCM Investment Advisors LLC increased its position in shares of iShares Global Financials ETF by 10.7% in the 1st quarter. KCM Investment Advisors LLC now owns 6,510 shares of the company’s stock valued at $742,000 after acquiring an additional 628 shares during the period. Fifth Third Bancorp increased its position in shares of iShares Global Financials ETF by 27.0% in the 1st quarter. Fifth Third Bancorp now owns 3,669 shares of the company’s stock valued at $418,000 after acquiring an additional 781 shares during the period. Unique Wealth LLC purchased a new position in iShares Global Financials ETF in the 1st quarter worth $399,000. Finally, World Investment Advisors acquired a new stake in iShares Global Financials ETF during the 4th quarter worth about $414,000.
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.
Further Reading
- Five stocks we like better than iShares Global Financials ETF
- Alphabet Introduces Gemini Agent—Can It Trigger a Breakout?
- Palantir’s Rally Puts Wall Street in Catch-Up Mode Ahead of November Earnings
- Tilray Finds a Path to Growth Without Waiting on U.S. Cannabis Reform
- Arista Networks Plugs Into All-Time Highs
Receive News & Ratings for iShares Global Financials ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Global Financials ETF and related companies with MarketBeat.com's FREE daily email newsletter.
