Short Interest in iShares Global Financials ETF (NYSEARCA:IXG) Drops By 29.7%

iShares Global Financials ETF (NYSEARCA:IXG) was the recipient of a large decline in short interest in February. As of February 13th, there was short interest totaling 18,625 shares, a decline of 29.7% from the January 29th total of 26,507 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 21,070 shares, the short-interest ratio is presently 0.9 days. Based on an average daily volume of 21,070 shares, the short-interest ratio is presently 0.9 days. Approximately 0.3% of the company’s shares are short sold.

Institutional Investors Weigh In On iShares Global Financials ETF

Several hedge funds have recently made changes to their positions in IXG. BOKF NA bought a new position in iShares Global Financials ETF in the third quarter worth $37,000. Arax Advisory Partners purchased a new stake in shares of iShares Global Financials ETF in the 4th quarter worth about $43,000. Atlantic Union Bankshares Corp purchased a new stake in shares of iShares Global Financials ETF in the 2nd quarter worth about $45,000. Blair William & Co. IL increased its stake in shares of iShares Global Financials ETF by 112.2% in the 3rd quarter. Blair William & Co. IL now owns 488 shares of the company’s stock worth $57,000 after acquiring an additional 258 shares in the last quarter. Finally, Barclays PLC purchased a new position in iShares Global Financials ETF during the 4th quarter valued at about $62,000.

iShares Global Financials ETF Price Performance

IXG stock traded down $2.14 during trading on Friday, reaching $119.78. The company had a trading volume of 27,798 shares, compared to its average volume of 29,251. iShares Global Financials ETF has a 52 week low of $88.04 and a 52 week high of $124.32. The business has a 50 day moving average of $121.63 and a 200 day moving average of $117.74. The company has a market cap of $652.80 million, a P/E ratio of 14.77 and a beta of 0.93.

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.