iShares Global Financials ETF (NYSEARCA:IXG) Sees Significant Growth in Short Interest

iShares Global Financials ETF (NYSEARCA:IXG) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totaling 3,794 shares, an increase of 115.8% from the March 31st total of 1,758 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 24,580 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. BOKF NA purchased a new position in iShares Global Financials ETF during the third quarter worth about $37,000. Arax Advisory Partners purchased a new position in iShares Global Financials ETF during the fourth quarter worth about $43,000. Blair William & Co. IL boosted its stake in iShares Global Financials ETF by 112.2% during the third quarter. Blair William & Co. IL now owns 488 shares of the company’s stock worth $57,000 after buying an additional 258 shares during the period. Barclays PLC purchased a new position in iShares Global Financials ETF during the fourth quarter worth about $62,000. Finally, Sava Infond d.o.o. lifted its position in shares of iShares Global Financials ETF by 43.8% during the third quarter. Sava Infond d.o.o. now owns 575 shares of the company’s stock worth $67,000 after purchasing an additional 175 shares in the last quarter.

iShares Global Financials ETF Stock Up 0.3%

IXG stock traded up $0.41 during mid-day trading on Monday, hitting $120.19. 14,054 shares of the company were exchanged, compared to its average volume of 41,575. The firm has a market capitalization of $540.86 million, a P/E ratio of 14.77 and a beta of 0.84. The business has a fifty day simple moving average of $117.15 and a 200-day simple moving average of $118.01. iShares Global Financials ETF has a 12-month low of $101.50 and a 12-month high of $124.32.

About iShares Global Financials ETF

Ishares S&P Global Financials Sector Index Fund, formerly iShares Global Financials ETF (the Fund), is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of companies that Standard & Poor’s deems part of the financial sector of the economy and important to global markets, as represented by the S&P Global 1200 Financials Sector Index (the Index). The Index is a subset of the Standard & Poor’s Global 1200 Index. The Index includes major banks, diversified financial companies, insurance companies, real estate companies, savings and loan associations, and securities brokers.