iShares Global Tech ETF (NYSEARCA:IXN) Sees Significant Drop in Short Interest
by Scott Moore · The Cerbat GemiShares Global Tech ETF (NYSEARCA:IXN – Get Free Report) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totaling 523,971 shares, a decline of 22.7% from the December 15th total of 678,001 shares. Currently, 0.8% of the shares of the stock are short sold. Based on an average daily volume of 152,280 shares, the short-interest ratio is currently 3.4 days. Based on an average daily volume of 152,280 shares, the short-interest ratio is currently 3.4 days. Currently, 0.8% of the shares of the stock are short sold.
Institutional Trading of iShares Global Tech ETF
A number of institutional investors have recently made changes to their positions in the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in iShares Global Tech ETF by 14,762.6% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 326,382 shares of the company’s stock worth $30,138,000 after purchasing an additional 324,186 shares during the last quarter. Sava Penzisko Drushtvo A.D. Skopje purchased a new stake in shares of iShares Global Tech ETF in the 3rd quarter valued at approximately $31,504,000. Bank of America Corp DE grew its stake in shares of iShares Global Tech ETF by 8.7% in the 2nd quarter. Bank of America Corp DE now owns 2,398,815 shares of the company’s stock valued at $221,507,000 after buying an additional 191,600 shares during the period. Cambria Investment Management L.P. acquired a new stake in shares of iShares Global Tech ETF during the 3rd quarter worth approximately $9,210,000. Finally, World Investment Advisors purchased a new stake in shares of iShares Global Tech ETF during the 2nd quarter valued at approximately $7,773,000.
iShares Global Tech ETF Price Performance
iShares Global Tech ETF stock traded up $0.02 during midday trading on Friday, reaching $107.34. The company had a trading volume of 209,012 shares, compared to its average volume of 489,210. iShares Global Tech ETF has a 12-month low of $63.58 and a 12-month high of $112.78. The company has a market capitalization of $6.77 billion, a P/E ratio of 34.73 and a beta of 1.24. The firm’s fifty day simple moving average is $105.30 and its 200-day simple moving average is $101.70.
iShares Global Tech ETF Company Profile
iShares Global Tech ETF (the Fund), formerly iShares S&P Global Technology Sector 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 1200 Information Technology Sector Index (the Index). The Index measures the performance of companies that Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw-Hill Companies (S&P) deems to be part of the information technology sector of the economy.