iShares Global Financials ETF (NYSEARCA:IXG) Short Interest Update

iShares Global Financials ETF (NYSEARCA:IXG) was the target of a large growth in short interest during 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. Based on an average daily volume of 53,736 shares, the short-interest ratio is currently 3.5 days. Currently, 3.5% of the shares of the stock are short sold.

iShares Global Financials ETF Price Performance

Shares of IXG stock traded down $0.17 during trading hours on Thursday, hitting $128.90. The stock had a trading volume of 29,834 shares, compared to its average volume of 45,283. iShares Global Financials ETF has a one year low of $109.99 and a one year high of $137.00. The stock’s 50-day moving average price is $133.14 and its two-hundred day moving average price is $125.22. The stock has a market capitalization of $683.17 million, a price-to-earnings ratio of 14.77 and a beta of 0.80.

Institutional Trading of iShares Global Financials ETF

A number of large investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC boosted its position in shares of iShares Global Financials ETF by 3.6% during the 1st quarter. Kestra Advisory Services LLC now owns 8,502 shares of the company’s stock valued at $969,000 after acquiring an additional 293 shares during the last quarter. KCM Investment Advisors LLC increased its position in iShares Global Financials ETF by 10.7% in the first quarter. KCM Investment Advisors LLC now owns 6,510 shares of the company’s stock worth $742,000 after purchasing an additional 628 shares during the last quarter. Waterloo Capital L.P. raised its stake in iShares Global Financials ETF by 25.7% during the fourth quarter. Waterloo Capital L.P. now owns 4,383 shares of the company’s stock valued at $529,000 after purchasing an additional 897 shares in the last quarter. Fifth Third Bancorp raised its stake in iShares Global Financials ETF by 27.0% during the first quarter. Fifth Third Bancorp now owns 3,669 shares of the company’s stock valued at $418,000 after purchasing an additional 781 shares in the last quarter. Finally, Unique Wealth LLC purchased a new stake in iShares Global Financials ETF during the first quarter valued at $399,000.

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.