Short Interest in iShares Global Comm Services ETF (NYSEARCA:IXP) Expands By 265.0%

iShares Global Comm Services ETF (NYSEARCA:IXP) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 28,708 shares, an increase of 265.0% from the June 15th total of 7,865 shares. Based on an average daily volume of 56,476 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.6% of the company’s stock are short sold.

iShares Global Comm Services ETF Stock Down 0.5%

IXP traded down $0.56 during trading on Monday, hitting $117.58. 9,800 shares of the company’s stock were exchanged, compared to its average volume of 37,504. iShares Global Comm Services ETF has a fifty-two week low of $109.87 and a fifty-two week high of $126.92. The stock has a market cap of $540.87 million, a P/E ratio of 19.46 and a beta of 0.90. The business’s 50 day moving average is $119.80 and its two-hundred day moving average is $120.10.

Institutional Investors Weigh In On iShares Global Comm Services ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Kestra Advisory Services LLC bought a new position in iShares Global Comm Services ETF in the 4th quarter valued at about $31,000. Goodman Advisory Group LLC bought a new stake in iShares Global Comm Services ETF during the 1st quarter worth approximately $40,000. AlphaCore Capital LLC raised its stake in shares of iShares Global Comm Services ETF by 4,300.0% in the fourth quarter. AlphaCore Capital LLC now owns 484 shares of the company’s stock worth $59,000 after purchasing an additional 473 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of iShares Global Comm Services ETF by 19.2% in the first quarter. Parallel Advisors LLC now owns 1,514 shares of the company’s stock worth $174,000 after purchasing an additional 244 shares during the last quarter. Finally, KCM Investment Advisors LLC bought a new position in shares of iShares Global Comm Services ETF in the fourth quarter valued at approximately $201,000.

iShares Global Comm Services ETF Company Profile

The iShares Global Comm Services ETF (IXP) is an exchange-traded fund that mostly invests in communication services equity. The fund tracks a market-cap-weighted index of global communication services companies, drawn from 1,200 global stocks selected by S&P. IXP was launched on Nov 12, 2001 and is managed by BlackRock.