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

iShares Global Materials ETF (NYSEARCA:MXI) saw a significant increase in short interest during the month of 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 shares of the company are sold short. Based on an average daily volume of 15,956 shares, the days-to-cover ratio is presently 3.7 days.

iShares Global Materials ETF Price Performance

Shares of NYSEARCA MXI traded down $1.09 during trading hours on Tuesday, hitting $114.36. 20,621 shares of the company’s stock were exchanged, compared to its average volume of 33,059. iShares Global Materials ETF has a 1-year low of $87.82 and a 1-year high of $118.51. The stock has a market capitalization of $365.95 million, a price-to-earnings ratio of 18.88 and a beta of 0.88. The company’s 50-day moving average price is $109.03 and its 200-day moving average price is $109.66.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Climber Capital SA bought a new stake in shares of iShares Global Materials ETF in the 4th quarter worth approximately $543,000. Cetera Investment Advisers acquired a new stake in shares of iShares Global Materials ETF during the 1st quarter worth approximately $587,000. Palladiem LLC bought a new stake in shares of iShares Global Materials ETF during the fourth quarter valued at approximately $2,246,000. Ameritas Advisory Services LLC increased its position in shares of iShares Global Materials ETF by 1,782.1% during the fourth quarter. Ameritas Advisory Services LLC now owns 5,364 shares of the company’s stock valued at $518,000 after purchasing an additional 5,079 shares during the period. Finally, Solstein Capital LLC acquired a new position in shares of iShares Global Materials ETF in the second quarter valued at $967,000.

About iShares Global Materials ETF

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.