iShares Global 100 ETF (NYSEARCA:IOO) Short Interest Down 51.1% in August

iShares Global 100 ETF (NYSEARCA:IOO) was the target of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 344,270 shares, a decline of 51.1% from the July 30th total of 704,261 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 351,444 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Investors Weigh In On iShares Global 100 ETF

Several hedge funds have recently bought and sold shares of the stock. Henrickson Nauta Wealth Advisors Inc. acquired a new stake in shares of iShares Global 100 ETF during the 2nd quarter worth approximately $203,000. Asset Allocation Strategies LLC lifted its stake in shares of iShares Global 100 ETF by 5.0% in the 2nd quarter. Asset Allocation Strategies LLC now owns 146,999 shares of the company’s stock valued at $20,080,000 after purchasing an additional 7,058 shares during the period. Trust Co. of Vermont purchased a new stake in iShares Global 100 ETF during the second quarter worth $175,000. Focus Financial Network Inc. boosted its holdings in iShares Global 100 ETF by 2.9% during the second quarter. Focus Financial Network Inc. now owns 23,376 shares of the company’s stock worth $3,193,000 after buying an additional 652 shares in the last quarter. Finally, Sax Wealth Advisors LLC purchased a new stake in iShares Global 100 ETF during the second quarter worth $288,000.

iShares Global 100 ETF Stock Up 0.0%

Shares of IOO traded up $0.04 during mid-day trading on Friday, reaching $144.85. The company had a trading volume of 71,490 shares, compared to its average volume of 217,662. The stock has a market capitalization of $9.16 billion, a P/E ratio of 24.21 and a beta of 0.95. iShares Global 100 ETF has a 52-week low of $112.68 and a 52-week high of $146.68. The stock has a 50 day moving average of $140.46 and a two-hundred day moving average of $134.69.

About iShares Global 100 ETF

iShares Global 100 ETF (the Fund), formerly iShares S&P Global 100 Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Global 100 Index (the Index). The Index is designed to measure the performance of 100 large-capitalization global companies. These companies are liquid and represent some of the multi-national businesses in the world. The Index is a subset of the S&P Global 1200 Index, and consists of 100 common stocks, screened for sector representation, liquidity and size.