iShares Global Materials ETF (NYSEARCA:MXI) Short Interest Up 49.8% in August

iShares Global Materials ETF (NYSEARCA:MXI) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 59,150 shares, an increase of 49.8% from the July 30th total of 39,487 shares. Currently, 1.8% of the company’s shares are sold short. Based on an average daily trading volume, of 15,956 shares, the days-to-cover ratio is currently 3.7 days.

iShares Global Materials ETF Stock Up 1.1%

NYSEARCA MXI opened at $115.03 on Thursday. The business’s fifty day simple moving average is $109.35 and its 200-day simple moving average is $109.68. The firm has a market cap of $368.10 million, a PE ratio of 18.88 and a beta of 0.88. iShares Global Materials ETF has a 52 week low of $87.82 and a 52 week high of $118.51.

Hedge Funds Weigh In On iShares Global Materials ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Western Wealth Management LLC acquired a new stake in shares of iShares Global Materials ETF during the 1st quarter worth approximately $28,000. Trust Co. of Vermont acquired a new position in iShares Global Materials ETF in the second quarter valued at approximately $40,000. Northwestern Mutual Wealth Management Co. grew its position in iShares Global Materials ETF by 45.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 663 shares of the company’s stock worth $64,000 after acquiring an additional 206 shares during the period. Kestra Advisory Services LLC purchased a new position in iShares Global Materials ETF in the fourth quarter worth approximately $74,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new stake in iShares Global Materials ETF during the fourth quarter worth $79,000.

iShares Global Materials ETF Company Profile

iShares Global Materials ETF, formerly iShares S&P Global Materials Sector Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P Global Materials Sector Index (the Index). The Index is a subset of the S&P Global 1200 Index and measures the performance of companies that S&P deems to be part of the materials sector of the economy. Component companies include those companies engaged in a wide variety of commodity-related manufacturing and mining activities.