iShares Global Materials ETF (NYSEARCA:MXI) Short Interest Update

iShares Global Materials ETF (NYSEARCA:MXI) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 15,418 shares, a drop of 43.1% from the May 31st total of 27,101 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 15,376 shares, the short-interest ratio is currently 1.0 days.

Institutional Investors Weigh In On iShares Global Materials ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in MXI. Stratos Wealth Partners LTD. purchased a new stake in shares of iShares Global Materials ETF during the fourth quarter worth $2,626,000. Climber Capital SA acquired a new stake in iShares Global Materials ETF in the 4th quarter valued at about $543,000. J. Safra Sarasin Holding AG acquired a new stake in iShares Global Materials ETF in the 4th quarter valued at about $1,305,000. Palladiem LLC purchased a new position in iShares Global Materials ETF in the 4th quarter worth approximately $2,246,000. Finally, Ameritas Advisory Services LLC lifted its stake in iShares Global Materials ETF by 1,782.1% in the 4th quarter. Ameritas Advisory Services LLC now owns 5,364 shares of the company’s stock worth $518,000 after purchasing an additional 5,079 shares in the last quarter.

iShares Global Materials ETF Stock Up 0.1%

Shares of MXI traded up $0.12 during mid-day trading on Wednesday, reaching $105.96. The company had a trading volume of 6,658 shares, compared to its average volume of 34,897. iShares Global Materials ETF has a 52-week low of $83.50 and a 52-week high of $116.61. The stock has a market capitalization of $344.37 million, a P/E ratio of 18.88 and a beta of 0.88. The stock has a 50 day moving average of $110.40 and a two-hundred day moving average of $107.54.

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.