iShares Global Comm Services ETF (NYSEARCA:IXP) Sees Significant Drop in Short Interest

iShares Global Comm Services ETF (NYSEARCA:IXP) was the recipient of a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 4,953 shares, a decline of 17.9% from the December 31st total of 6,031 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 74,717 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 74,717 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Trading of iShares Global Comm Services ETF

Several institutional investors have recently added to or reduced their stakes in the business. Hsbc Holdings PLC purchased a new position in iShares Global Comm Services ETF during the second quarter valued at $78,708,000. Bank of America Corp DE boosted its holdings in iShares Global Comm Services ETF by 427.5% in the second quarter. Bank of America Corp DE now owns 295,753 shares of the company’s stock worth $33,219,000 after purchasing an additional 239,685 shares during the last quarter. PGIM Custom Harvest LLC grew its holdings in shares of iShares Global Comm Services ETF by 25.3% in the second quarter. PGIM Custom Harvest LLC now owns 399,185 shares of the company’s stock worth $44,836,000 after acquiring an additional 80,560 shares during the period. Surience Private Wealth LLC bought a new stake in shares of iShares Global Comm Services ETF during the 3rd quarter valued at about $8,399,000. Finally, Pictet Asset Management Holding SA increased its holdings in iShares Global Comm Services ETF by 16.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 385,010 shares of the company’s stock valued at $46,632,000 after buying an additional 54,800 shares during the last quarter.

iShares Global Comm Services ETF Stock Down 0.8%

IXP traded down $1.02 on Wednesday, hitting $123.03. The company’s stock had a trading volume of 12,133 shares, compared to its average volume of 64,055. The company’s 50 day simple moving average is $122.10 and its 200-day simple moving average is $120.98. The firm has a market cap of $719.73 million, a P/E ratio of 19.46 and a beta of 0.87. iShares Global Comm Services ETF has a 12 month low of $86.38 and a 12 month high of $126.92.

About iShares Global Comm Services ETF

The iShares Global Comm Services ETF (IXP) is an exchange-traded fund that mostly invests in communication services equity. The fund tracks a market-cap-weighted index of global communication services companies, drawn from 1,200 global stocks selected by S&P. IXP was launched on Nov 12, 2001 and is managed by BlackRock.