Short Interest in Global X FinTech ETF (NASDAQ:FINX) Decreases By 34.3%

Global X FinTech ETF (NASDAQ:FINX) saw a large decrease in short interest in August. As of August 14th, there was short interest totaling 246,402 shares, a decrease of 34.3% from the July 30th total of 375,304 shares. Based on an average daily trading volume, of 72,814 shares, the short-interest ratio is presently 3.4 days. Currently, 3.8% of the company’s stock are sold short.

Institutional Investors Weigh In On Global X FinTech ETF

A number of large investors have recently made changes to their positions in FINX. Ameriprise Financial Inc. raised its stake in Global X FinTech ETF by 0.3% during the second quarter. Ameriprise Financial Inc. now owns 98,635 shares of the company’s stock worth $3,376,000 after purchasing an additional 309 shares during the period. NewEdge Advisors LLC increased its position in shares of Global X FinTech ETF by 51.4% during the first quarter. NewEdge Advisors LLC now owns 1,157 shares of the company’s stock worth $32,000 after acquiring an additional 393 shares during the period. PNC Financial Services Group Inc. raised its holdings in Global X FinTech ETF by 2.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 19,806 shares of the company’s stock valued at $583,000 after acquiring an additional 419 shares in the last quarter. Creative Planning increased its holdings in shares of Global X FinTech ETF by 3.6% in the 3rd quarter. Creative Planning now owns 12,086 shares of the company’s stock valued at $405,000 after acquiring an additional 424 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Global X FinTech ETF by 75.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,196 shares of the company’s stock worth $35,000 after acquiring an additional 516 shares in the last quarter.

Global X FinTech ETF Stock Performance

NASDAQ FINX traded down $0.76 during trading hours on Tuesday, reaching $26.25. The stock had a trading volume of 41,365 shares, compared to its average volume of 88,414. The stock has a fifty day moving average of $25.96 and a 200 day moving average of $25.06. The stock has a market cap of $171.94 million, a P/E ratio of 31.36 and a beta of 1.53. Global X FinTech ETF has a 52-week low of $22.08 and a 52-week high of $35.58.

Global X FinTech ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Monday, June 29th were given a dividend of $0.0429 per share. The ex-dividend date was Monday, June 29th.

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.