Global X FinTech ETF (NASDAQ:FINX) Sees Significant Growth in Short Interest

Global X FinTech ETF (NASDAQ:FINX) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 170,107 shares, a growth of 117.8% from the May 14th total of 78,110 shares. Approximately 2.2% of the shares of the stock are sold short. Based on an average daily volume of 72,103 shares, the short-interest ratio is presently 2.4 days.

Hedge Funds Weigh In On Global X FinTech ETF

Several hedge funds have recently made changes to their positions in FINX. NewEdge Advisors LLC grew its stake in shares of Global X FinTech ETF by 51.4% in the 1st quarter. NewEdge Advisors LLC now owns 1,157 shares of the company’s stock worth $32,000 after purchasing an additional 393 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Global X FinTech ETF in the 1st quarter worth approximately $259,000. Creative Planning grew its stake in shares of Global X FinTech ETF by 52.2% in the 2nd quarter. Creative Planning now owns 11,662 shares of the company’s stock worth $399,000 after purchasing an additional 3,999 shares during the last quarter. Sei Investments Co. acquired a new position in shares of Global X FinTech ETF in the second quarter worth about $228,000. Finally, Raymond James Financial Inc. boosted its holdings in shares of Global X FinTech ETF by 12.5% in the second quarter. Raymond James Financial Inc. now owns 85,218 shares of the company’s stock worth $2,916,000 after buying an additional 9,485 shares during the period.

Global X FinTech ETF Price Performance

Shares of FINX opened at $24.22 on Friday. The firm’s 50 day moving average is $24.96 and its 200-day moving average is $26.40. The stock has a market capitalization of $183.35 million, a P/E ratio of 31.36 and a beta of 1.54. Global X FinTech ETF has a 12-month low of $22.08 and a 12-month high of $35.58.

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.