Global X FinTech ETF (NASDAQ:FINX) Sees Significant Decrease in Short Interest

Global X FinTech ETF (NASDAQ:FINX) was the target of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 246,402 shares, a drop of 34.3% from the July 30th total of 375,304 shares. Based on an average trading volume of 72,814 shares, the short-interest ratio is currently 3.4 days. Approximately 3.8% of the company’s shares are short sold.

Global X FinTech ETF Stock Performance

Global X FinTech ETF stock opened at $26.80 on Thursday. The company’s 50 day simple moving average is $26.05 and its 200-day simple moving average is $25.10. The company has a market capitalization of $175.54 million, a price-to-earnings ratio of 31.36 and a beta of 1.53. Global X FinTech ETF has a 1 year low of $22.08 and a 1 year high of $35.58.

Global X FinTech ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, July 7th. Investors of record on Monday, June 29th were issued a $0.0429 dividend. The ex-dividend date was Monday, June 29th.

Institutional Trading of Global X FinTech ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its position in shares of Global X FinTech ETF by 51.4% during the first quarter. NewEdge Advisors LLC now owns 1,157 shares of the company’s stock worth $32,000 after buying an additional 393 shares during the period. Jane Street Group LLC purchased a new stake in shares of Global X FinTech ETF in the 1st quarter valued at $259,000. Creative Planning raised its holdings in shares of Global X FinTech ETF by 52.2% in the 2nd quarter. Creative Planning now owns 11,662 shares of the company’s stock valued at $399,000 after buying an additional 3,999 shares during the period. Sei Investments Co. purchased a new stake in shares of Global X FinTech ETF in the 2nd quarter valued at $228,000. Finally, Raymond James Financial Inc. lifted its stake in Global X FinTech ETF by 12.5% during the 2nd quarter. Raymond James Financial Inc. now owns 85,218 shares of the company’s stock worth $2,916,000 after acquiring an additional 9,485 shares in the last quarter.

Global X FinTech ETF Company Profile

The Global X FinTech ETF (FINX) is an exchange-traded fund that is based on the Indxx Global Fintech Thematic index, a market-cap-weighted index of companies in developed markets that derive significant revenues from providing financial technology products and services. FINX was launched on Sep 12, 2016 and is managed by Global X.