Short Interest in iShares Global Financials ETF (NYSEARCA:IXG) Rises By 490.8%

iShares Global Financials ETF (NYSEARCA:IXG) saw a large growth in short interest in June. As of June 15th, there was short interest totaling 110,967 shares, a growth of 490.8% from the May 31st total of 18,784 shares. Based on an average daily volume of 27,909 shares, the short-interest ratio is presently 4.0 days. Currently, 2.5% of the shares of the stock are sold short.

iShares Global Financials ETF Stock Performance

iShares Global Financials ETF stock traded up $0.21 during trading hours on Friday, hitting $124.15. 10,193 shares of the stock were exchanged, compared to its average volume of 36,661. The stock has a market capitalization of $552.47 million, a P/E ratio of 14.77 and a beta of 0.81. iShares Global Financials ETF has a 12 month low of $109.05 and a 12 month high of $127.03. The business’s 50-day moving average is $122.15 and its two-hundred day moving average is $120.15.

Institutional Investors Weigh In On iShares Global Financials ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Optiver Holding B.V. bought a new position in iShares Global Financials ETF in the 1st quarter worth approximately $27,000. KCM Investment Advisors LLC grew its holdings in iShares Global Financials ETF by 10.7% during the first quarter. KCM Investment Advisors LLC now owns 6,510 shares of the company’s stock valued at $742,000 after purchasing an additional 628 shares during the period. Sanctuary Advisors LLC grew its holdings in shares of iShares Global Financials ETF by 45.1% in the 1st quarter. Sanctuary Advisors LLC now owns 2,437 shares of the company’s stock valued at $278,000 after buying an additional 757 shares during the period. Fifth Third Bancorp increased its holdings in shares of iShares Global Financials ETF by 27.0% in the first quarter. Fifth Third Bancorp now owns 3,669 shares of the company’s stock worth $418,000 after acquiring an additional 781 shares in the last quarter. Finally, Kestra Advisory Services LLC increased its stake in iShares Global Financials ETF by 3.6% during the 1st quarter. Kestra Advisory Services LLC now owns 8,502 shares of the company’s stock worth $969,000 after purchasing an additional 293 shares in the last quarter.

iShares Global Financials ETF Company Profile

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.