iShares Global Materials ETF (NYSEARCA:MXI) Short Interest Up 96.9% in December

iShares Global Materials ETF (NYSEARCA:MXI) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 51,461 shares, a growth of 96.9% from the December 15th total of 26,141 shares. Currently, 2.0% of the company’s shares are short sold. Based on an average daily volume of 14,413 shares, the days-to-cover ratio is presently 3.6 days. Based on an average daily volume of 14,413 shares, the days-to-cover ratio is presently 3.6 days. Currently, 2.0% of the company’s shares are short sold.

Institutional Trading of iShares Global Materials ETF

Institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC acquired a new stake in iShares Global Materials ETF during the 3rd quarter worth about $49,000. Steward Partners Investment Advisory LLC lifted its stake in shares of iShares Global Materials ETF by 82.4% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 821 shares of the company’s stock valued at $70,000 after purchasing an additional 371 shares during the period. CX Institutional lifted its stake in shares of iShares Global Materials ETF by 1,415.9% in the 2nd quarter. CX Institutional now owns 955 shares of the company’s stock valued at $82,000 after purchasing an additional 892 shares during the period. Allworth Financial LP boosted its position in shares of iShares Global Materials ETF by 17.9% during the 2nd quarter. Allworth Financial LP now owns 1,976 shares of the company’s stock valued at $169,000 after purchasing an additional 300 shares in the last quarter. Finally, Patriot Investment Management Group Inc. acquired a new stake in iShares Global Materials ETF during the third quarter worth approximately $213,000.

iShares Global Materials ETF Stock Performance

Shares of NYSEARCA MXI traded up $0.52 during midday trading on Thursday, reaching $104.88. The stock had a trading volume of 8,026 shares, compared to its average volume of 39,273. The company’s 50 day moving average price is $95.16 and its 200 day moving average price is $91.42. iShares Global Materials ETF has a twelve month low of $71.01 and a twelve month high of $104.92. The firm has a market cap of $288.41 million, a price-to-earnings ratio of 18.88 and a beta of 0.96.

iShares Global Materials ETF Company Profile

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.