iShares Global Comm Services ETF (NYSEARCA:IXP) Short Interest Update
by Jessica Moore · The Cerbat GemiShares Global Comm Services ETF (NYSEARCA:IXP – Get Free Report) saw a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 4,953 shares, a decline of 17.9% from the December 31st total of 6,031 shares. Based on an average trading volume of 74,717 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 74,717 shares, the days-to-cover ratio is currently 0.1 days.
iShares Global Comm Services ETF Price Performance
Shares of NYSEARCA IXP traded down $0.18 during midday trading on Monday, reaching $125.66. 135,677 shares of the company traded hands, compared to its average volume of 66,667. The company has a market cap of $735.11 million, a price-to-earnings ratio of 19.46 and a beta of 0.87. The stock has a 50-day moving average price of $122.06 and a 200 day moving average price of $120.77. iShares Global Comm Services ETF has a 52 week low of $86.38 and a 52 week high of $126.92.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Pictet Asset Management Holding SA lifted its position in iShares Global Comm Services ETF by 16.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 385,010 shares of the company’s stock worth $46,632,000 after purchasing an additional 54,800 shares during the period. Financial Management Professionals Inc. acquired a new stake in shares of iShares Global Comm Services ETF in the fourth quarter valued at $2,254,000. AE Wealth Management LLC boosted its stake in iShares Global Comm Services ETF by 10.6% during the fourth quarter. AE Wealth Management LLC now owns 50,177 shares of the company’s stock valued at $6,082,000 after buying an additional 4,806 shares in the last quarter. Sightline Wealth Advisors LLC bought a new position in iShares Global Comm Services ETF during the fourth quarter valued at about $245,000. Finally, Transcend Capital Advisors LLC grew its holdings in iShares Global Comm Services ETF by 4.0% during the fourth quarter. Transcend Capital Advisors LLC now owns 2,687 shares of the company’s stock worth $326,000 after acquiring an additional 103 shares during the period.
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.