iShares Global Materials ETF (NYSEARCA:MXI) Short Interest Update

iShares Global Materials ETF (NYSEARCA:MXI) was the target of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 117,938 shares, a growth of 1,013.9% from the January 15th total of 10,588 shares. Based on an average trading volume of 46,869 shares, the short-interest ratio is currently 2.5 days. Approximately 4.1% of the shares of the company are sold short. Approximately 4.1% of the shares of the company are sold short. Based on an average trading volume of 46,869 shares, the short-interest ratio is currently 2.5 days.

Institutional Investors Weigh In On iShares Global Materials ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allworth Financial LP increased its holdings in shares of iShares Global Materials ETF by 9.8% in the third quarter. Allworth Financial LP now owns 2,170 shares of the company’s stock valued at $201,000 after purchasing an additional 194 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of iShares Global Materials ETF by 45.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 663 shares of the company’s stock worth $64,000 after acquiring an additional 206 shares during the period. Lodestone Wealth Management LLC acquired a new position in shares of iShares Global Materials ETF during the 4th quarter valued at about $26,000. Creative Planning boosted its position in shares of iShares Global Materials ETF by 4.0% during the 2nd quarter. Creative Planning now owns 7,440 shares of the company’s stock valued at $636,000 after acquiring an additional 284 shares during the last quarter. Finally, Wealth Advisors of Tampa Bay LLC grew its holdings in shares of iShares Global Materials ETF by 1.9% in the third quarter. Wealth Advisors of Tampa Bay LLC now owns 16,988 shares of the company’s stock valued at $1,571,000 after purchasing an additional 315 shares during the period.

iShares Global Materials ETF Price Performance

Shares of NYSEARCA:MXI traded up $1.20 during midday trading on Tuesday, hitting $112.33. The company had a trading volume of 15,448 shares, compared to its average volume of 39,083. iShares Global Materials ETF has a 12-month low of $71.01 and a 12-month high of $112.42. The company has a fifty day moving average of $101.33 and a two-hundred day moving average of $94.18. The company has a market cap of $325.76 million, a price-to-earnings ratio of 18.88 and a beta of 0.96.

About iShares Global Materials ETF

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.