iShares Global Materials ETF (NYSEARCA:MXI – Get Free Report) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 59,150 shares, an increase of 49.8% from the July 30th total of 39,487 shares. Currently, 1.8% of the shares of the company are sold short. Based on an average daily volume of 15,956 shares, the days-to-cover ratio is presently 3.7 days.
Hedge Funds Weigh In On iShares Global Materials ETF
Hedge funds have recently bought and sold shares of the company. Western Wealth Management LLC purchased a new stake in iShares Global Materials ETF in the 1st quarter worth approximately $28,000. Trust Co. of Vermont bought a new position in shares of iShares Global Materials ETF in the second quarter worth $40,000. Northwestern Mutual Wealth Management Co. raised its position 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 buying an additional 206 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of iShares Global Materials ETF in the fourth quarter worth $74,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new stake in iShares Global Materials ETF during the fourth quarter valued at $79,000.
iShares Global Materials ETF Stock Up 0.9%
MXI traded up $0.98 during trading on Wednesday, reaching $114.71. 118,270 shares of the company were exchanged, compared to its average volume of 32,988. iShares Global Materials ETF has a 12-month low of $87.82 and a 12-month high of $118.51. The company’s 50-day moving average is $109.17 and its two-hundred day moving average is $109.66. The company has a market cap of $367.07 million, a price-to-earnings ratio of 18.88 and a beta of 0.88.
iShares Global Materials ETF Company Profile
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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