Short Interest in iShares Global Materials ETF (NYSEARCA:MXI) Drops By 79.4%

iShares Global Materials ETF (NYSEARCA:MXI) saw a large decrease in short interest in January. As of January 15th, there was short interest totaling 10,588 shares, a decrease of 79.4% from the December 31st total of 51,461 shares. Based on an average trading volume of 40,960 shares, the short-interest ratio is currently 0.3 days. Currently, 0.4% of the company’s stock are sold short. Currently, 0.4% of the company’s stock are sold short. Based on an average trading volume of 40,960 shares, the short-interest ratio is currently 0.3 days.

iShares Global Materials ETF Price Performance

Shares of NYSEARCA:MXI traded up $0.29 during trading hours on Thursday, hitting $110.08. The company’s stock had a trading volume of 59,266 shares, compared to its average volume of 40,788. The firm’s fifty day moving average price is $98.71 and its 200 day moving average price is $92.89. iShares Global Materials ETF has a 52 week low of $71.01 and a 52 week high of $111.96. The company has a market capitalization of $302.72 million, a price-to-earnings ratio of 18.88 and a beta of 0.96.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Lodestone Wealth Management LLC acquired a new stake in iShares Global Materials ETF during the 4th quarter worth about $26,000. Farther Finance Advisors LLC purchased a new stake in shares of iShares Global Materials ETF in the third quarter worth about $49,000. Steward Partners Investment Advisory LLC boosted its position in iShares Global Materials ETF by 82.4% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 821 shares of the company’s stock worth $70,000 after purchasing an additional 371 shares in the last quarter. CX Institutional boosted its holdings in iShares Global Materials ETF by 1,415.9% during the second quarter. CX Institutional now owns 955 shares of the company’s stock worth $82,000 after buying an additional 892 shares in the last quarter. Finally, Private Trust Co. NA raised its holdings in iShares Global Materials ETF by 130.7% in the 4th quarter. Private Trust Co. NA now owns 1,246 shares of the company’s stock worth $120,000 after purchasing an additional 706 shares during the period.

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.