Global X FinTech ETF (NASDAQ:FINX) Shares Down 1.4% – Here’s What Happened

Global X FinTech ETF (NASDAQ:FINX)’s stock price was down 1.4% on Wednesday. The stock traded as low as $24.25 and last traded at $24.26. 45,312 shares were traded during mid-day trading, a decline of 46% from the average session volume of 83,649 shares. The stock had previously closed at $24.61.

Global X FinTech ETF Stock Performance

The business’s 50 day simple moving average is $26.24 and its 200-day simple moving average is $25.33. The stock has a market capitalization of $155.51 million, a price-to-earnings ratio of 31.36 and a beta of 1.53.

Hedge Funds Weigh In On Global X FinTech ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Archford Capital Strategies LLC grew its holdings in Global X FinTech ETF by 6.5% in the 2nd quarter. Archford Capital Strategies LLC now owns 23,937 shares of the company’s stock worth $591,000 after buying an additional 1,464 shares in the last quarter. Citadel Advisors LLC bought a new stake in Global X FinTech ETF during the 2nd quarter valued at $1,959,000. RPg Family Wealth Advisory LLC acquired a new position in Global X FinTech ETF during the 2nd quarter worth $377,000. Risk Paradigm Group LLC acquired a new position in Global X FinTech ETF during the 2nd quarter worth $377,000. Finally, Headlands Technologies LLC bought a new position in shares of Global X FinTech ETF in the second quarter worth $116,000.

Global X FinTech ETF Company Profile

The Global X FinTech ETF (FINX) is an exchange-traded fund that is based on the Indxx Global Fintech Thematic index, a market-cap-weighted index of companies in developed markets that derive significant revenues from providing financial technology products and services. FINX was launched on Sep 12, 2016 and is managed by Global X.