iShares Global Financials ETF (NYSEARCA:IXG) Sees Large Growth in Short Interest

iShares Global Financials ETF (NYSEARCA:IXG) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totaling 3,794 shares, an increase of 115.8% from the March 31st total of 1,758 shares. Based on an average daily volume of 24,580 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On iShares Global Financials ETF

A number of large investors have recently modified their holdings of the company. BOKF NA purchased a new position in iShares Global Financials ETF during the third quarter valued at approximately $37,000. Arax Advisory Partners purchased a new stake in iShares Global Financials ETF in the 4th quarter worth approximately $43,000. Blair William & Co. IL boosted its holdings in iShares Global Financials ETF by 112.2% in the 3rd quarter. Blair William & Co. IL now owns 488 shares of the company’s stock valued at $57,000 after purchasing an additional 258 shares during the period. Barclays PLC bought a new position in iShares Global Financials ETF in the 4th quarter valued at $62,000. Finally, Sava Infond d.o.o. grew its position in shares of iShares Global Financials ETF by 43.8% during the 3rd quarter. Sava Infond d.o.o. now owns 575 shares of the company’s stock valued at $67,000 after purchasing an additional 175 shares in the last quarter.

iShares Global Financials ETF Stock Performance

NYSEARCA IXG traded down $0.15 during trading hours on Friday, hitting $119.78. The company had a trading volume of 9,491 shares, compared to its average volume of 41,929. iShares Global Financials ETF has a 52 week low of $101.26 and a 52 week high of $124.32. The firm has a 50 day simple moving average of $117.14 and a 200 day simple moving average of $117.97. The firm has a market capitalization of $539.01 million, a price-to-earnings ratio of 14.77 and a beta of 0.84.

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.