iShares Global Financials ETF (NYSEARCA:IXG) Short Interest Update

iShares Global Financials ETF (NYSEARCA:IXG) saw a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 26,507 shares, a growth of 98.9% from the January 15th total of 13,324 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 28,850 shares, the short-interest ratio is currently 0.9 days. Based on an average daily trading volume, of 28,850 shares, the short-interest ratio is currently 0.9 days. Approximately 0.5% of the company’s shares are sold short.

Institutional Trading of iShares Global Financials ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Integrated Wealth Concepts LLC grew its stake in shares of iShares Global Financials ETF by 11.4% during the first quarter. Integrated Wealth Concepts LLC now owns 2,473 shares of the company’s stock worth $255,000 after purchasing an additional 253 shares during the period. Jane Street Group LLC increased its stake in iShares Global Financials ETF by 14.2% in the first quarter. Jane Street Group LLC now owns 33,211 shares of the company’s stock valued at $3,421,000 after purchasing an additional 4,131 shares in the last quarter. FSM Wealth Advisors LLC bought a new position in shares of iShares Global Financials ETF during the second quarter worth $453,000. City State Bank increased its position in shares of iShares Global Financials ETF by 16.3% in the 2nd quarter. City State Bank now owns 1,425 shares of the company’s stock valued at $158,000 after buying an additional 200 shares in the last quarter. Finally, Atlantic Union Bankshares Corp bought a new position in iShares Global Financials ETF during the second quarter worth about $45,000.

iShares Global Financials ETF Stock Down 1.5%

Shares of IXG stock opened at $120.52 on Friday. The firm has a market cap of $656.83 million, a price-to-earnings ratio of 14.77 and a beta of 0.93. iShares Global Financials ETF has a 12 month low of $88.04 and a 12 month high of $124.32. The stock has a 50-day moving average price of $121.34 and a 200 day moving average price of $117.01.

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.