iShares Global Tech ETF (NYSEARCA:IXN) Short Interest Update

iShares Global Tech ETF (NYSEARCA:IXN) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 955,816 shares, a growth of 41.1% from the March 15th total of 677,375 shares. Based on an average trading volume of 366,076 shares, the short-interest ratio is presently 2.6 days. Currently, 1.5% of the company’s stock are sold short.

iShares Global Tech ETF Trading Up 1.0%

NYSEARCA IXN traded up $1.16 during trading hours on Thursday, hitting $114.65. The company’s stock had a trading volume of 705,106 shares, compared to its average volume of 317,806. The company has a market capitalization of $7.35 billion, a PE ratio of 34.73 and a beta of 1.26. iShares Global Tech ETF has a 52 week low of $68.50 and a 52 week high of $114.89. The company’s 50-day simple moving average is $105.35 and its two-hundred day simple moving average is $105.68.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Continuum Advisory LLC lifted its position in shares of iShares Global Tech ETF by 2.3% during the fourth quarter. Continuum Advisory LLC now owns 4,209 shares of the company’s stock worth $442,000 after acquiring an additional 94 shares in the last quarter. NorthCrest Asset Manangement LLC lifted its holdings in iShares Global Tech ETF by 2.0% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 4,770 shares of the company’s stock worth $500,000 after purchasing an additional 95 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in iShares Global Tech ETF by 2.0% during the 4th quarter. Oppenheimer & Co. Inc. now owns 5,088 shares of the company’s stock worth $534,000 after purchasing an additional 98 shares in the last quarter. MGO One Seven LLC boosted its stake in iShares Global Tech ETF by 1.3% in the 3rd quarter. MGO One Seven LLC now owns 9,559 shares of the company’s stock worth $987,000 after purchasing an additional 121 shares during the period. Finally, Mountain Capital Investment Advisors Inc. grew its holdings in iShares Global Tech ETF by 2.7% during the 4th quarter. Mountain Capital Investment Advisors Inc. now owns 4,641 shares of the company’s stock valued at $498,000 after buying an additional 124 shares in the last quarter.

About iShares Global Tech ETF

iShares Global Tech ETF (the Fund), formerly iShares S&P Global Technology Sector Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Global 1200 Information Technology Sector Index (the Index). The Index measures the performance of companies that Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw-Hill Companies (S&P) deems to be part of the information technology sector of the economy.