iShares Global Financials ETF (NYSEARCA:IXG) Shares Shorted: Short Interest Up 717.2% in September

by · The Markets Daily

iShares Global Financials ETF (NYSEARCA:IXG – Get Free Report) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 187,362 shares, an increase of 717.2% from the August 31st total of 22,927 shares. Based on an average daily volume of 53,736 shares, the days-to-cover ratio is presently 3.5 days. Approximately 3.5% of the shares of the company are short sold.

iShares Global Financials ETF Stock Up 1.0%

IXG traded up $1.31 during trading on Friday, reaching $130.21. 92,328 shares of the company were exchanged, compared to its average volume of 45,538. The company’s 50-day moving average is $133.15 and its two-hundred day moving average is $125.25. The company has a market cap of $716.15 million, a price-to-earnings ratio of 14.77 and a beta of 0.80. iShares Global Financials ETF has a 12-month low of $109.99 and a 12-month high of $137.00.

Institutional Investors Weigh In On iShares Global Financials ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Kestra Advisory Services LLC boosted its position in shares of iShares Global Financials ETF by 3.6% in the first quarter. Kestra Advisory Services LLC now owns 8,502 shares of the company’s stock valued at $969,000 after acquiring an additional 293 shares during the period. KCM Investment Advisors LLC increased its holdings in iShares Global Financials ETF by 10.7% during the 1st quarter. KCM Investment Advisors LLC now owns 6,510 shares of the company’s stock worth $742,000 after acquiring an additional 628 shares during the period. Waterloo Capital L.P. lifted its stake in iShares Global Financials ETF by 25.7% in the 4th quarter. Waterloo Capital L.P. now owns 4,383 shares of the company’s stock worth $529,000 after purchasing an additional 897 shares in the last quarter. Fifth Third Bancorp lifted its stake in iShares Global Financials ETF by 27.0% in the 1st quarter. Fifth Third Bancorp now owns 3,669 shares of the company’s stock worth $418,000 after purchasing an additional 781 shares in the last quarter. Finally, Unique Wealth LLC bought a new position in iShares Global Financials ETF in the 1st quarter valued at $399,000.

iShares Global Financials ETF Company Profile

(Get Free Report)

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.

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