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

iShares Global Comm Services ETF (NYSEARCA:IXP) was the recipient of a significant decline in short interest in March. As of March 13th, there was short interest totaling 1,617 shares, a decline of 87.5% from the February 26th total of 12,947 shares. Based on an average daily trading volume, of 26,551 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 26,551 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. World Investment Advisors raised its holdings in shares of iShares Global Comm Services ETF by 3.0% in the 4th quarter. World Investment Advisors now owns 19,550 shares of the company’s stock worth $2,370,000 after buying an additional 577 shares in the last quarter. Corient Private Wealth LLC grew its position in iShares Global Comm Services ETF by 2.3% in the fourth quarter. Corient Private Wealth LLC now owns 27,267 shares of the company’s stock valued at $3,305,000 after acquiring an additional 622 shares during the period. Sunbelt Securities Inc. grew its position in iShares Global Comm Services ETF by 5.9% in the fourth quarter. Sunbelt Securities Inc. now owns 2,400 shares of the company’s stock valued at $291,000 after acquiring an additional 133 shares during the period. Beacon Pointe Advisors LLC acquired a new position in iShares Global Comm Services ETF during the fourth quarter worth $588,000. Finally, Cetera Investment Advisers lifted its holdings in shares of iShares Global Comm Services ETF by 2.1% during the fourth quarter. Cetera Investment Advisers now owns 22,185 shares of the company’s stock valued at $2,689,000 after acquiring an additional 449 shares during the period.

iShares Global Comm Services ETF Stock Performance

Shares of IXP stock traded up $0.60 during mid-day trading on Wednesday, reaching $115.65. The company’s stock had a trading volume of 79,829 shares, compared to its average volume of 46,552. The firm’s 50-day moving average is $120.77 and its two-hundred day moving average is $121.95. The company has a market cap of $676.55 million, a P/E ratio of 19.46 and a beta of 0.87. iShares Global Comm Services ETF has a 1-year low of $86.38 and a 1-year high of $126.92.

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.