iShares Global Financials ETF (NYSEARCA:IXG) Sees Large Drop in Short Interest

iShares Global Financials ETF (NYSEARCA:IXG) was the recipient of a significant decline in short interest in January. As of January 15th, there was short interest totaling 13,324 shares, a decline of 22.4% from the December 31st total of 17,176 shares. Based on an average daily trading volume, of 29,911 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the company’s stock are sold short. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 29,911 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of IXG. BOKF NA bought a new stake in iShares Global Financials ETF in the 3rd quarter valued at approximately $37,000. Atlantic Union Bankshares Corp acquired a new stake in shares of iShares Global Financials ETF in the second quarter valued at approximately $45,000. Blair William & Co. IL lifted its position in shares of iShares Global Financials ETF by 112.2% in the third quarter. Blair William & Co. IL now owns 488 shares of the company’s stock worth $57,000 after purchasing an additional 258 shares in the last quarter. Sava Infond d.o.o. lifted its position in shares of iShares Global Financials ETF by 43.8% in the third quarter. Sava Infond d.o.o. now owns 575 shares of the company’s stock worth $67,000 after purchasing an additional 175 shares in the last quarter. Finally, AE Wealth Management LLC boosted its holdings in iShares Global Financials ETF by 87,900.0% during the third quarter. AE Wealth Management LLC now owns 880 shares of the company’s stock worth $103,000 after purchasing an additional 879 shares during the last quarter.

iShares Global Financials ETF Stock Down 0.7%

IXG traded down $0.81 during trading on Friday, hitting $121.72. The company had a trading volume of 10,931 shares, compared to its average volume of 29,332. The company has a market capitalization of $657.29 million, a PE ratio of 14.77 and a beta of 0.93. iShares Global Financials ETF has a one year low of $88.04 and a one year high of $124.32. The firm’s 50-day moving average price is $120.19 and its 200 day moving average price is $116.42.

About iShares Global Financials ETF

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.