iShares Global Industrials ETF (NYSEARCA:EXI) Shares Shorted: Short Interest Down 55.1% in September

iShares Global Industrials ETF (NYSEARCA:EXI) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totaling 21,854 shares, a decline of 55.1% from the September 15th total of 48,653 shares. Based on an average daily trading volume, of 53,965 shares, the short-interest ratio is currently 0.4 days. Approximately 0.3% of the shares of the company are sold short.

iShares Global Industrials ETF Price Performance

Shares of NYSEARCA:EXI traded down $2.18 during mid-day trading on Wednesday, reaching $187.26. 61,510 shares of the company traded hands, compared to its average volume of 55,918. The company’s 50 day moving average price is $196.21 and its 200-day moving average price is $195.24. The firm has a market cap of $1.42 billion, a PE ratio of 22.01 and a beta of 0.99. iShares Global Industrials ETF has a 52 week low of $165.70 and a 52 week high of $207.79.

Hedge Funds Weigh In On iShares Global Industrials ETF

Large investors have recently added to or reduced their stakes in the company. Assetmark Inc. lifted its stake in shares of iShares Global Industrials ETF by 47.0% during the 1st quarter. Assetmark Inc. now owns 194 shares of the company’s stock valued at $35,000 after buying an additional 62 shares in the last quarter. Wellington Grp LLC purchased a new stake in iShares Global Industrials ETF in the 1st quarter worth $28,000. Angeles Wealth Management LLC purchased a new stake in iShares Global Industrials ETF in the 2nd quarter worth $32,000. Bessemer Group Inc. raised its holdings in iShares Global Industrials ETF by 18.3% during the first quarter. Bessemer Group Inc. now owns 1,899 shares of the company’s stock valued at $344,000 after acquiring an additional 294 shares during the period. Finally, Private Advisor Group LLC raised its holdings in iShares Global Industrials ETF by 21.1% during the first quarter. Private Advisor Group LLC now owns 2,684 shares of the company’s stock valued at $486,000 after acquiring an additional 468 shares during the period.

iShares Global Industrials ETF Company Profile

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.