iShares Global Materials ETF (NYSEARCA:MXI) Sees Significant Decline in Short Interest

iShares Global Materials ETF (NYSEARCA:MXI) was the recipient of a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 17,896 shares, a decrease of 45.2% from the February 26th total of 32,665 shares. Based on an average daily volume of 32,495 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.6% of the shares of the stock are sold short.

Institutional Trading of iShares Global Materials ETF

A number of large investors have recently modified their holdings of MXI. Lodestone Wealth Management LLC bought a new stake in shares of iShares Global Materials ETF during the 4th quarter valued at about $26,000. Farther Finance Advisors LLC bought a new position in shares of iShares Global Materials ETF in the third quarter worth approximately $49,000. Northwestern Mutual Wealth Management Co. raised its stake in iShares Global Materials ETF by 45.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 663 shares of the company’s stock valued at $64,000 after purchasing an additional 206 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in iShares Global Materials ETF by 82.4% in the second 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 in the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in iShares Global Materials ETF during the fourth quarter valued at approximately $74,000.

iShares Global Materials ETF Stock Performance

NYSEARCA:MXI opened at $101.81 on Friday. The firm has a market capitalization of $295.25 million, a price-to-earnings ratio of 18.88 and a beta of 0.96. iShares Global Materials ETF has a 52-week low of $71.01 and a 52-week high of $116.61. The stock has a fifty day moving average of $108.40 and a 200 day moving average of $98.71.

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.