iShares Global Financials ETF (NYSEARCA:IXG – Get Free Report) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 21,320 shares, an increase of 683.5% from the April 30th total of 2,721 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 17,742 shares, the short-interest ratio is presently 1.2 days.
Hedge Funds Weigh In On iShares Global Financials ETF
Several hedge funds and other institutional investors have recently bought and sold shares of the company. NBC Securities Inc. lifted 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 valued at $213,000 after buying an additional 86 shares during the period. Fisher Asset Management LLC lifted its holdings in iShares Global Financials ETF by 1.5% in the third quarter. Fisher Asset Management LLC now owns 6,782 shares of the company’s stock valued at $791,000 after buying an additional 102 shares during the period. MML Investors Services LLC lifted its holdings in iShares Global Financials ETF by 2.3% in 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 period. Integrated Wealth Concepts LLC lifted its holdings in iShares Global Financials ETF by 3.1% in the fourth quarter. Integrated Wealth Concepts LLC now owns 3,968 shares of the company’s stock valued at $479,000 after buying an additional 120 shares during the period. Finally, Tiller Private Wealth Inc. lifted its holdings 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 valued at $556,000 after buying an additional 125 shares during the period.
iShares Global Financials ETF Stock Performance
Shares of NYSEARCA:IXG traded down $0.68 during mid-day trading on Thursday, reaching $121.26. 13,282 shares of the company’s stock were exchanged, compared to its average volume of 35,577. The firm has a market capitalization of $539.61 million, a price-to-earnings ratio of 14.77 and a beta of 0.82. The business’s fifty day moving average price is $118.60 and its 200-day moving average price is $118.99. iShares Global Financials ETF has a twelve month low of $106.15 and a twelve month high of $124.32.
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.
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