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

iShares Global Financials ETF (NYSEARCA:IXG) was the recipient of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 25,966 shares, an increase of 39.4% from the February 12th total of 18,625 shares. Based on an average daily trading volume, of 38,267 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.5% of the shares of the company are short sold. Currently, 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 38,267 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC boosted its stake in shares of iShares Global Financials ETF by 11.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,473 shares of the company’s stock valued at $255,000 after buying an additional 253 shares during the last quarter. Jane Street Group LLC raised its holdings 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 acquiring an additional 4,131 shares in the last quarter. Cetera Investment Advisers boosted its stake in iShares Global Financials ETF by 6.2% during the 2nd quarter. Cetera Investment Advisers now owns 2,741 shares of the company’s stock valued at $304,000 after acquiring an additional 161 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in iShares Global Financials ETF by 10.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,858 shares of the company’s stock valued at $428,000 after acquiring an additional 356 shares during the last quarter. Finally, Fisher Asset Management LLC grew its holdings in iShares Global Financials ETF by 6.7% during the 2nd quarter. Fisher Asset Management LLC now owns 6,680 shares of the company’s stock worth $740,000 after acquiring an additional 418 shares in the last quarter.

iShares Global Financials ETF Trading Down 0.6%

Shares of NYSEARCA:IXG traded down $0.65 during trading on Friday, hitting $111.39. 16,236 shares of the stock were exchanged, compared to its average volume of 44,850. The company has a market cap of $607.08 million, a PE ratio of 14.77 and a beta of 0.93. The company has a fifty day moving average price of $120.34 and a two-hundred day moving average price of $117.77. iShares Global Financials ETF has a 12-month low of $88.04 and a 12-month high of $124.32.

iShares Global Financials ETF Company Profile

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.