iShares Global Financials ETF (NYSEARCA:IXG) Short Interest Down 15.7% in March

iShares Global Financials ETF (NYSEARCA:IXG) was the recipient of a significant decline in short interest during the month of March. As of March 31st, there was short interest totaling 1,758 shares, a decline of 15.7% from the March 15th total of 2,085 shares. Based on an average daily volume of 59,349 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

iShares Global Financials ETF Stock Up 1.4%

NYSEARCA IXG traded up $1.67 during trading on Friday, hitting $123.35. 17,883 shares of the stock traded hands, compared to its average volume of 43,597. iShares Global Financials ETF has a 12-month low of $96.39 and a 12-month high of $124.32. The firm has a 50-day simple moving average of $117.23 and a 200-day simple moving average of $117.78. The company has a market capitalization of $561.24 million, a P/E ratio of 14.77 and a beta of 0.84.

Institutional Trading of iShares Global Financials ETF

Large investors have recently added to or reduced their stakes in the company. Cresset Asset Management LLC increased its stake in iShares Global Financials ETF by 37.9% in the 3rd quarter. Cresset Asset Management LLC now owns 25,951 shares of the company’s stock worth $3,028,000 after acquiring an additional 7,127 shares during the last quarter. Farther Finance Advisors LLC increased its stake in iShares Global Financials ETF by 1,637.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 18,329 shares of the company’s stock worth $2,138,000 after acquiring an additional 17,274 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in iShares Global Financials ETF by 1,681.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 96,574 shares of the company’s stock worth $11,268,000 after acquiring an additional 91,153 shares during the last quarter. Smartleaf Asset Management LLC bought a new stake in iShares Global Financials ETF in the 3rd quarter worth approximately $1,019,000. Finally, Outlook Wealth Advisors LLC bought a new stake in iShares Global Financials ETF in the 3rd quarter worth approximately $5,112,000.

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.