Global X FinTech Thematic ETF (NASDAQ:FINX – Get Free Report) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 116,400 shares, an increase of 21.1% from the September 30th total of 96,100 shares. Based on an average daily volume of 59,600 shares, the short-interest ratio is currently 2.0 days.
Global X FinTech Thematic ETF Price Performance
Shares of FINX traded down $0.01 on Wednesday, reaching $29.41. 155,719 shares of the stock traded hands, compared to its average volume of 73,585. The firm has a market cap of $282.92 million, a price-to-earnings ratio of 29.40 and a beta of 1.35. Global X FinTech Thematic ETF has a 12 month low of $18.45 and a 12 month high of $29.75. The stock’s 50-day moving average price is $27.93 and its 200-day moving average price is $26.40.
Institutional Trading of Global X FinTech Thematic ETF
Institutional investors and hedge funds have recently modified their holdings of the company. Janney Montgomery Scott LLC bought a new stake in shares of Global X FinTech Thematic ETF during the first quarter valued at approximately $342,000. Cetera Advisors LLC acquired a new stake in Global X FinTech Thematic ETF in the 1st quarter valued at $326,000. PVG Asset Management Corp acquired a new stake in Global X FinTech Thematic ETF in the 2nd quarter valued at $310,000. Commonwealth Equity Services LLC boosted its stake in Global X FinTech Thematic ETF by 81.8% in the 1st quarter. Commonwealth Equity Services LLC now owns 42,526 shares of the company’s stock valued at $1,185,000 after buying an additional 19,139 shares in the last quarter. Finally, Eagle Strategies LLC acquired a new stake in Global X FinTech Thematic ETF in the 2nd quarter valued at $1,439,000.
Global X FinTech Thematic 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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