iShares Global Financials ETF (NYSEARCA:IXG) Stock Short Interest Falls 52.8%

iShares Global Financials ETF (NYSEARCA:IXG) was the recipient of a significant drop in short interest during the month of October. As of October 30th, there was short interest totaling 10,983 shares, a drop of 52.8% from the October 15th total of 23,280 shares. Based on an average daily trading volume, of 26,791 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Trading of iShares Global Financials ETF

A number of hedge funds have recently modified their holdings of IXG. Edmond DE Rothschild Holding S.A. acquired a new stake in iShares Global Financials ETF in the third quarter worth $43,000. Private Advisor Group LLC bought a new position in shares of iShares Global Financials ETF during the third quarter worth $493,000. Composition Wealth LLC bought a new position in shares of iShares Global Financials ETF during the third quarter worth $2,569,000. Cibc World Market Inc. acquired a new position in shares of iShares Global Financials ETF in the 3rd quarter valued at $284,000. Finally, Banco Santander S.A. acquired a new position in shares of iShares Global Financials ETF in the 3rd quarter valued at $19,637,000.

iShares Global Financials ETF Stock Performance

IXG traded up $0.99 during midday trading on Friday, reaching $133.51. 50,446 shares of the company were exchanged, compared to its average volume of 45,804. The stock has a market capitalization of $720.95 million, a P/E ratio of 14.17 and a beta of 0.81. iShares Global Financials ETF has a one year low of $109.99 and a one year high of $137.00. The stock’s 50-day simple moving average is $130.27 and its 200 day simple moving average is $125.36.

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.