iShares Global Financials ETF (NYSEARCA:IXG) Shares Shorted: Short Interest Up 281.2% in October

iShares Global Financials ETF (NYSEARCA:IXG) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 23,280 shares, a growth of 281.2% from the September 30th total of 6,107 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 45,974 shares, the short-interest ratio is presently 0.5 days.

iShares Global Financials ETF Stock Performance

Shares of NYSEARCA IXG traded up $1.49 during mid-day trading on Thursday, reaching $130.63. The company had a trading volume of 8,370 shares, compared to its average volume of 44,273. The company has a market capitalization of $705.40 million, a price-to-earnings ratio of 14.77 and a beta of 0.82. The stock has a fifty day moving average of $130.80 and a two-hundred day moving average of $124.72. iShares Global Financials ETF has a 12-month low of $109.99 and a 12-month high of $137.00.

Institutional Investors Weigh In On iShares Global Financials ETF

A number of institutional investors have recently made changes to their positions in the stock. Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of iShares Global Financials ETF during the 3rd quarter worth about $13,108,000. Avior Wealth Management LLC bought a new stake in shares of iShares Global Financials ETF during the third quarter worth about $10,934,000. Kestra Advisory Services LLC lifted its stake in shares of iShares Global Financials ETF by 3.6% in the first quarter. Kestra Advisory Services LLC now owns 8,502 shares of the company’s stock worth $969,000 after acquiring an additional 293 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of iShares Global Financials ETF in the 3rd quarter worth about $963,000. Finally, KCM Investment Advisors LLC grew its position 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 valued at $742,000 after purchasing an additional 628 shares during the period.

iShares Global Financials ETF Company Profile

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.