iShares Global Materials ETF (NYSEARCA:MXI) Short Interest Update

iShares Global Materials ETF (NYSEARCA:MXI) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 26,141 shares, an increase of 951.1% from the November 30th total of 2,487 shares. Currently, 1.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 9,155 shares, the short-interest ratio is presently 2.9 days. Based on an average daily trading volume, of 9,155 shares, the short-interest ratio is presently 2.9 days. Currently, 1.0% of the shares of the stock are short sold.

iShares Global Materials ETF Stock Performance

Shares of NYSEARCA:MXI opened at $98.00 on Friday. The firm has a market cap of $245 million, a price-to-earnings ratio of 18.88 and a beta of 0.96. The firm has a fifty day moving average price of $92.66 and a 200 day moving average price of $89.93. iShares Global Materials ETF has a fifty-two week low of $71.01 and a fifty-two week high of $98.01.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Jane Street Group LLC purchased a new stake in iShares Global Materials ETF during the 1st quarter valued at $3,378,000. Pathway Financial Advisors LLC increased its position in iShares Global Materials ETF by 15.6% during the second quarter. Pathway Financial Advisors LLC now owns 170,172 shares of the company’s stock valued at $14,545,000 after acquiring an additional 22,934 shares during the last quarter. Jones Financial Companies Lllp increased its position in iShares Global Materials ETF by 1,061.9% during the first quarter. Jones Financial Companies Lllp now owns 13,466 shares of the company’s stock valued at $1,101,000 after acquiring an additional 12,307 shares during the last quarter. Mutual Advisors LLC purchased a new stake in shares of iShares Global Materials ETF in the second quarter valued at $1,013,000. Finally, Citadel Advisors LLC lifted its holdings in shares of iShares Global Materials ETF by 40.5% in the 3rd quarter. Citadel Advisors LLC now owns 22,757 shares of the company’s stock worth $2,104,000 after acquiring an additional 6,561 shares during the last quarter.

About iShares Global Materials ETF

iShares Global Materials ETF, formerly iShares S&P Global Materials Sector Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P Global Materials Sector Index (the Index). The Index is a subset of the S&P Global 1200 Index and measures the performance of companies that S&P deems to be part of the materials sector of the economy. Component companies include those companies engaged in a wide variety of commodity-related manufacturing and mining activities.