Global X FinTech ETF (NASDAQ:FINX) Short Interest Down 34.3% in August

Global X FinTech ETF (NASDAQ:FINX) was the recipient of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 246,402 shares, a decrease of 34.3% from the July 30th total of 375,304 shares. Approximately 3.8% of the shares of the company are sold short. Based on an average daily volume of 72,814 shares, the short-interest ratio is currently 3.4 days.

Institutional Trading of Global X FinTech ETF

A number of institutional investors and hedge funds have recently made changes to their positions in FINX. Moran Wealth Management LLC increased its holdings in Global X FinTech ETF by 71.2% in the 1st quarter. Moran Wealth Management LLC now owns 89,744 shares of the company’s stock valued at $2,073,000 after purchasing an additional 37,329 shares in the last quarter. Sanctuary Advisors LLC increased its position in Global X FinTech ETF by 172.7% in the 4th quarter. Sanctuary Advisors LLC now owns 32,267 shares of the company’s stock valued at $950,000 after acquiring an additional 20,435 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in Global X FinTech ETF by 14,063.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 96,312 shares of the company’s stock worth $2,834,000 after acquiring an additional 95,632 shares during the period. Legacy Financial Advisors Inc. grew its position in Global X FinTech ETF by 28.8% in the 4th quarter. Legacy Financial Advisors Inc. now owns 11,355 shares of the company’s stock valued at $334,000 after buying an additional 2,542 shares in the last quarter. Finally, Banque Cantonale Vaudoise acquired a new position in shares of Global X FinTech ETF during the 3rd quarter valued at $73,000.

Global X FinTech ETF Stock Performance

FINX stock traded down $0.76 during midday trading on Tuesday, hitting $26.25. 41,365 shares of the stock were exchanged, compared to its average volume of 88,414. The stock has a market cap of $171.94 million, a price-to-earnings ratio of 31.36 and a beta of 1.53. Global X FinTech ETF has a fifty-two week low of $22.08 and a fifty-two week high of $35.58. The stock’s 50-day moving average price is $25.96 and its 200-day moving average price is $25.06.

Global X FinTech ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Monday, June 29th were issued a $0.0429 dividend. The ex-dividend date was Monday, June 29th.

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.