iShares Global Comm Services ETF (NYSEARCA:IXP) Short Interest Update

iShares Global Comm Services ETF (NYSEARCA:IXP) was the target of a large decrease in short interest in August. As of August 14th, there was short interest totaling 7,595 shares, a decrease of 48.8% from the July 30th total of 14,824 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 15,531 shares, the short-interest ratio is presently 0.5 days.

iShares Global Comm Services ETF Price Performance

Shares of NYSEARCA:IXP traded up $1.25 during trading on Friday, reaching $117.61. 6,578 shares of the company were exchanged, compared to its average volume of 37,564. The firm has a market capitalization of $570.41 million, a PE ratio of 19.46 and a beta of 0.90. The business’s fifty day simple moving average is $115.95 and its 200-day simple moving average is $118.84. iShares Global Comm Services ETF has a 12-month low of $110.89 and a 12-month high of $126.92.

Institutional Trading of iShares Global Comm Services ETF

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