Short Interest in Global X S&P 500 Catholic Values ETF (NASDAQ:CATH) Drops By 55.5%

Global X S&P 500 Catholic Values ETF (NASDAQ:CATH) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 13,345 shares, a drop of 55.5% from the May 14th total of 29,991 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 49,152 shares, the days-to-cover ratio is currently 0.3 days.

Global X S&P 500 Catholic Values ETF Price Performance

NASDAQ CATH traded up $1.70 during midday trading on Monday, hitting $90.07. 10,266 shares of the company traded hands, compared to its average volume of 42,158. The company has a market cap of $1.26 billion, a PE ratio of 25.57 and a beta of 1.02. The company’s 50-day simple moving average is $86.53 and its 200-day simple moving average is $83.61. Global X S&P 500 Catholic Values ETF has a 52 week low of $72.41 and a 52 week high of $90.68.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Sellwood Investment Partners LLC raised its stake in shares of Global X S&P 500 Catholic Values ETF by 2.0% during the 1st quarter. Sellwood Investment Partners LLC now owns 6,685 shares of the company’s stock worth $522,000 after acquiring an additional 131 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its position in shares of Global X S&P 500 Catholic Values ETF by 2.7% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 5,401 shares of the company’s stock worth $444,000 after purchasing an additional 142 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Global X S&P 500 Catholic Values ETF by 37.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 562 shares of the company’s stock worth $38,000 after purchasing an additional 152 shares in the last quarter. Cornerstone Management Inc. boosted its position in shares of Global X S&P 500 Catholic Values ETF by 2.0% in the 1st quarter. Cornerstone Management Inc. now owns 8,265 shares of the company’s stock worth $646,000 after purchasing an additional 166 shares in the last quarter. Finally, Pittenger & Anderson Inc. boosted its position in shares of Global X S&P 500 Catholic Values ETF by 6.7% in the 1st quarter. Pittenger & Anderson Inc. now owns 2,770 shares of the company’s stock worth $216,000 after purchasing an additional 175 shares in the last quarter.

About Global X S&P 500 Catholic Values ETF

The Global X S&P 500 Catholic Values ETF (CATH) is an exchange-traded fund that is based on the S&P 500 Catholic Values index. The fund tracks an index of US large-cap stocks selected from the S&P 500. The cap-weighted index omits companies from certain industries at odds with Catholic values. CATH was launched on Apr 18, 2016 and is managed by Global X.