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

Global X FinTech ETF (NASDAQ:FINX) was the recipient of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 170,107 shares, an increase of 117.8% from the May 14th total of 78,110 shares. Approximately 2.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 72,103 shares, the short-interest ratio is currently 2.4 days.

Hedge Funds Weigh In On Global X FinTech ETF

Several large investors have recently bought and sold shares of FINX. NewEdge Advisors LLC increased its stake in Global X FinTech ETF by 51.4% during the 1st quarter. NewEdge Advisors LLC now owns 1,157 shares of the company’s stock valued at $32,000 after buying an additional 393 shares during the period. Jane Street Group LLC acquired a new position in shares of Global X FinTech ETF in the 1st quarter worth approximately $259,000. Creative Planning grew its stake 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 worth $399,000 after purchasing an additional 3,999 shares during the last quarter. Sei Investments Co. acquired a new position in shares of Global X FinTech ETF in the 2nd quarter worth approximately $228,000. Finally, Raymond James Financial Inc. grew its stake in shares of Global X FinTech ETF by 12.5% in the 2nd quarter. Raymond James Financial Inc. now owns 85,218 shares of the company’s stock worth $2,916,000 after purchasing an additional 9,485 shares during the last quarter.

Global X FinTech ETF Trading Up 0.7%

Global X FinTech ETF stock opened at $24.22 on Friday. The stock has a market cap of $183.35 million, a price-to-earnings ratio of 31.36 and a beta of 1.54. The company’s 50-day moving average price is $24.96 and its two-hundred day moving average price is $26.40. Global X FinTech ETF has a 52 week low of $22.08 and a 52 week high of $35.58.

About Global X FinTech ETF

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.