Global X FinTech Thematic ETF (NASDAQ:FINX) Short Interest Update

Global X FinTech Thematic ETF (NASDAQ:FINX) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 256,300 shares, an increase of 51.7% from the February 28th total of 169,000 shares. Approximately 2.6% of the shares of the company are short sold. Based on an average trading volume of 73,700 shares, the days-to-cover ratio is presently 3.5 days.

Institutional Investors Weigh In On Global X FinTech Thematic ETF

A number of large investors have recently bought and sold shares of the company. Russell Investments Group Ltd. acquired a new stake in Global X FinTech Thematic ETF during the 4th quarter valued at approximately $41,000. Legend Financial Advisors Inc. boosted its holdings in Global X FinTech Thematic ETF by 36.1% in the fourth quarter. Legend Financial Advisors Inc. now owns 1,361 shares of the company’s stock valued at $42,000 after purchasing an additional 361 shares during the last quarter. National Bank of Canada FI grew its position in Global X FinTech Thematic ETF by 1,875.6% during the 4th quarter. National Bank of Canada FI now owns 1,778 shares of the company’s stock worth $56,000 after purchasing an additional 1,688 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Global X FinTech Thematic ETF during the 4th quarter valued at about $71,000. Finally, US Bancorp DE lifted its holdings in shares of Global X FinTech Thematic ETF by 16.9% in the 4th quarter. US Bancorp DE now owns 2,473 shares of the company’s stock valued at $77,000 after buying an additional 358 shares during the period.

Global X FinTech Thematic ETF Price Performance

Global X FinTech Thematic ETF stock traded down $0.10 during trading hours on Monday, hitting $27.60. 87,712 shares of the stock traded hands, compared to its average volume of 66,858. Global X FinTech Thematic ETF has a 1 year low of $23.44 and a 1 year high of $34.43. The stock has a market capitalization of $277.33 million, a price-to-earnings ratio of 27.28 and a beta of 1.35. The firm’s 50 day moving average price is $30.95 and its 200-day moving average price is $30.87.

Global X FinTech Thematic 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.