iShares Global Tech ETF (NYSEARCA:IXN) Short Interest Update

iShares Global Tech ETF (NYSEARCA:IXN) was the target of a significant decrease in short interest during the month of February. As of February 13th, there was short interest totaling 556,793 shares, a decrease of 28.7% from the January 29th total of 780,701 shares. Based on an average trading volume of 240,678 shares, the days-to-cover ratio is presently 2.3 days. Currently, 0.9% of the company’s stock are sold short. Currently, 0.9% of the company’s stock are sold short. Based on an average trading volume of 240,678 shares, the days-to-cover ratio is presently 2.3 days.

iShares Global Tech ETF Trading Down 1.7%

IXN opened at $106.76 on Friday. The stock has a market cap of $6.51 billion, a price-to-earnings ratio of 34.73 and a beta of 1.24. iShares Global Tech ETF has a 1 year low of $63.58 and a 1 year high of $112.78. The stock has a fifty day moving average price of $106.73 and a 200 day moving average price of $104.16.

Institutional Investors Weigh In On iShares Global Tech ETF

Large investors have recently made changes to their positions in the company. Flagship Harbor Advisors LLC bought a new position in iShares Global Tech ETF during the fourth quarter valued at approximately $25,000. Tucker Asset Management LLC bought a new position in shares of iShares Global Tech ETF during the 4th quarter valued at $28,000. Larson Financial Group LLC bought a new position in shares of iShares Global Tech ETF during the 3rd quarter valued at $28,000. Mcguire Capital Advisors Inc. acquired a new stake in shares of iShares Global Tech ETF in the 4th quarter valued at $28,000. Finally, EFG International AG bought a new stake in iShares Global Tech ETF in the fourth quarter worth $32,000.

About iShares Global Tech ETF

iShares Global Tech ETF (the Fund), formerly iShares S&P Global Technology 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 Information Technology Sector Index (the Index). The Index measures the performance of companies that Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw-Hill Companies (S&P) deems to be part of the information technology sector of the economy.