Short Interest in iShares Global Industrials ETF (NYSEARCA:EXI) Expands By 91.5%

iShares Global Industrials ETF (NYSEARCA:EXI) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 53,050 shares, a growth of 91.5% from the August 15th total of 27,707 shares. Based on an average daily volume of 42,260 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.7% of the company’s stock are short sold.

Institutional Trading of iShares Global Industrials ETF

A number of large investors have recently modified their holdings of EXI. Fisher Asset Management LLC lifted its stake in iShares Global Industrials ETF by 14.8% during the fourth quarter. Fisher Asset Management LLC now owns 2,497,916 shares of the company’s stock worth $437,985,000 after purchasing an additional 322,897 shares during the last quarter. HighTower Advisors LLC increased its stake in iShares Global Industrials ETF by 2,289.1% in the fourth quarter. HighTower Advisors LLC now owns 115,587 shares of the company’s stock valued at $20,267,000 after purchasing an additional 110,749 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in iShares Global Industrials ETF by 18,400.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 22,756 shares of the company’s stock worth $3,990,000 after purchasing an additional 22,633 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in iShares Global Industrials ETF by 707.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 25,704 shares of the company’s stock worth $4,507,000 after purchasing an additional 22,522 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in iShares Global Industrials ETF by 405.3% during the first quarter. Fifth Third Bancorp now owns 4,346 shares of the company’s stock worth $787,000 after purchasing an additional 3,486 shares in the last quarter.

iShares Global Industrials ETF Price Performance

Shares of EXI stock traded up $1.28 during trading on Thursday, reaching $192.52. The company’s stock had a trading volume of 52,480 shares, compared to its average volume of 54,527. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 22.01 and a beta of 0.98. The stock’s 50-day moving average price is $198.73 and its 200 day moving average price is $194.76. iShares Global Industrials ETF has a 1-year low of $165.70 and a 1-year high of $207.79.

About iShares Global Industrials ETF

iShares Global Industrials ETF (the Fund), formerly iShares S&P Global Industrials Sector Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Global 1200 Industrials Sector Index (the Index). The Index is a subset of the Standard & Poor’s Global 1200 Index. The Index includes manufacturers and distributors of capital goods, providers of commercial services and supplies, and transportation service providers.