Global X FinTech ETF (NASDAQ:FINX – Get Free Report) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 144,970 shares, a drop of 37.2% from the September 15th total of 230,666 shares. Approximately 2.3% of the shares of the stock are sold short. Based on an average trading volume of 37,850 shares, the days-to-cover ratio is currently 3.8 days.
Institutional Trading of Global X FinTech ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sherman Asset Management Inc. purchased a new position in Global X FinTech ETF in the 1st quarter worth approximately $27,000. Rockefeller Capital Management L.P. grew its holdings in Global X FinTech ETF by 15.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,327 shares of the company’s stock valued at $127,000 after buying an additional 566 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Global X FinTech ETF during the second quarter valued at approximately $116,000. RPg Family Wealth Advisory LLC bought a new stake in shares of Global X FinTech ETF during the second quarter valued at approximately $377,000. Finally, Risk Paradigm Group LLC bought a new stake in shares of Global X FinTech ETF during the second quarter valued at approximately $377,000.
Global X FinTech ETF Stock Down 2.7%
Shares of Global X FinTech ETF stock opened at $24.33 on Friday. The company has a market capitalization of $154.98 million, a price-to-earnings ratio of 31.36 and a beta of 1.55. The stock’s 50-day simple moving average is $25.94 and its 200-day simple moving average is $25.39. Global X FinTech ETF has a 52 week low of $22.08 and a 52 week high of $35.32.
Global X FinTech ETF Company Profile
The Global X FinTech ETF (FINX) is an exchange-traded fund that is based on the Indxx Global Fintech Thematic index, a market-cap-weighted index of companies in developed markets that derive significant revenues from providing financial technology products and services. FINX was launched on Sep 12, 2016 and is managed by Global X.
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