Short Interest in iShares Global Financials ETF (NYSEARCA:IXG) Declines By 41.4%

iShares Global Financials ETF (NYSEARCA:IXG) saw a significant decline in short interest in August. As of August 31st, there was short interest totaling 22,927 shares, a decline of 41.4% from the August 15th total of 39,132 shares. Based on an average daily volume of 43,874 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.4% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Optiver Holding B.V. bought a new position in shares of iShares Global Financials ETF during the first quarter valued at $27,000. KCM Investment Advisors LLC boosted its stake in iShares Global Financials ETF by 10.7% in the 1st quarter. KCM Investment Advisors LLC now owns 6,510 shares of the company’s stock worth $742,000 after purchasing an additional 628 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in iShares Global Financials ETF by 45.1% in the 1st quarter. Sanctuary Advisors LLC now owns 2,437 shares of the company’s stock worth $278,000 after purchasing an additional 757 shares in the last quarter. Fifth Third Bancorp grew its position in iShares Global Financials ETF by 27.0% during the 1st quarter. Fifth Third Bancorp now owns 3,669 shares of the company’s stock valued at $418,000 after purchasing an additional 781 shares during the last quarter. Finally, Kestra Advisory Services LLC grew its position 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 valued at $969,000 after purchasing an additional 293 shares during the last quarter.

iShares Global Financials ETF Trading Down 0.9%

IXG traded down $1.20 during trading on Friday, reaching $131.08. The stock had a trading volume of 19,437 shares, compared to its average volume of 45,650. The company has a market capitalization of $656.73 million, a price-to-earnings ratio of 14.77 and a beta of 0.80. The stock’s 50 day moving average is $133.13 and its two-hundred day moving average is $124.74. iShares Global Financials ETF has a one year low of $109.99 and a one year high of $137.00.

About iShares Global Financials ETF

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.