iShares Global Comm Services ETF (NYSEARCA:IXP) Short Interest Down 48.8% in August

iShares Global Comm Services ETF (NYSEARCA:IXP) saw a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 7,595 shares, a drop of 48.8% from the July 30th total of 14,824 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 15,531 shares, the days-to-cover ratio is presently 0.5 days.

iShares Global Comm Services ETF Stock Performance

Shares of iShares Global Comm Services ETF stock traded down $1.04 during trading on Monday, reaching $116.57. The company’s stock had a trading volume of 10,542 shares, compared to its average volume of 37,401. iShares Global Comm Services ETF has a one year low of $110.89 and a one year high of $126.92. The firm has a market cap of $565.36 million, a price-to-earnings ratio of 19.46 and a beta of 0.90. The business’s fifty day moving average price is $115.95 and its 200-day moving average price is $118.82.

Hedge Funds Weigh In On iShares Global Comm Services ETF

Several large investors have recently bought and sold shares of IXP. Kestra Advisory Services LLC acquired a new position in shares of iShares Global Comm Services ETF during the fourth quarter valued at about $31,000. Goodman Advisory Group LLC bought a new position in iShares Global Comm Services ETF during the first quarter valued at about $40,000. AlphaCore Capital LLC raised its holdings in iShares Global Comm Services ETF by 4,300.0% in the 4th quarter. AlphaCore Capital LLC now owns 484 shares of the company’s stock valued at $59,000 after acquiring an additional 473 shares in the last quarter. Parallel Advisors LLC raised its holdings in iShares Global Comm Services ETF by 19.2% in the 1st quarter. Parallel Advisors LLC now owns 1,514 shares of the company’s stock valued at $174,000 after acquiring an additional 244 shares in the last quarter. Finally, KCM Investment Advisors LLC bought a new stake in shares of iShares Global Comm Services ETF in the 4th quarter worth approximately $201,000.

About iShares Global Comm Services ETF

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.