iShares Global Financials ETF (NYSEARCA:IXG – Get Free Report) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 187,362 shares, a growth of 717.2% from the August 31st total of 22,927 shares. Currently, 3.5% of the shares of the company are short sold. Based on an average daily volume of 53,736 shares, the short-interest ratio is presently 3.5 days.
Institutional Investors Weigh In On iShares Global Financials ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC lifted its stake in iShares Global Financials ETF by 3.6% in the 1st quarter. Kestra Advisory Services LLC now owns 8,502 shares of the company’s stock valued at $969,000 after buying an additional 293 shares in the last quarter. KCM Investment Advisors LLC increased its position in iShares Global Financials ETF by 10.7% during the first quarter. KCM Investment Advisors LLC now owns 6,510 shares of the company’s stock worth $742,000 after buying an additional 628 shares during the period. Waterloo Capital L.P. boosted its holdings in shares of iShares Global Financials ETF by 25.7% in the fourth quarter. Waterloo Capital L.P. now owns 4,383 shares of the company’s stock valued at $529,000 after acquiring an additional 897 shares during the period. Fifth Third Bancorp grew its holdings in shares of iShares Global Financials ETF by 27.0% during the first quarter. Fifth Third Bancorp now owns 3,669 shares of the company’s stock worth $418,000 after buying an additional 781 shares during the last quarter. Finally, World Investment Advisors acquired a new stake in shares of iShares Global Financials ETF in the 4th quarter valued at approximately $414,000.
iShares Global Financials ETF Stock Performance
NYSEARCA IXG traded up $1.34 during mid-day trading on Friday, reaching $130.25. 87,889 shares of the stock were exchanged, compared to its average volume of 45,513. iShares Global Financials ETF has a 1 year low of $109.99 and a 1 year high of $137.00. The business’s 50 day moving average is $133.14 and its 200-day moving average is $125.22. The company has a market capitalization of $716.35 million, a P/E ratio of 14.77 and a beta of 0.80.
iShares Global Financials ETF Company Profile
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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