iShares Global Financials ETF (NYSEARCA:IXG) Short Interest Update

iShares Global Financials ETF (NYSEARCA:IXG) was the target of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 3,005 shares, a decrease of 97.3% from the June 15th total of 110,967 shares. Based on an average daily trading volume, of 59,344 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On iShares Global Financials ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Optiver Holding B.V. bought a new stake in iShares Global Financials ETF during the first quarter valued at about $27,000. NBT Bank N A NY grew its stake in shares of iShares Global Financials ETF by 151.2% during the 1st quarter. NBT Bank N A NY now owns 304 shares of the company’s stock valued at $35,000 after acquiring an additional 183 shares during the period. BOKF NA purchased a new stake in iShares Global Financials ETF in the 3rd quarter worth approximately $37,000. Arax Advisory Partners purchased a new stake in iShares Global Financials ETF in the 4th quarter worth approximately $43,000. Finally, Blair William & Co. IL raised its stake in iShares Global Financials ETF by 112.2% during the 3rd quarter. Blair William & Co. IL now owns 488 shares of the company’s stock worth $57,000 after acquiring an additional 258 shares during the period.

iShares Global Financials ETF Stock Performance

Shares of iShares Global Financials ETF stock traded up $0.76 on Friday, hitting $129.24. 79,737 shares of the company’s stock were exchanged, compared to its average volume of 38,350. iShares Global Financials ETF has a 1 year low of $109.05 and a 1 year high of $130.29. The company has a 50-day simple moving average of $123.47 and a 200-day simple moving average of $120.75. The stock has a market capitalization of $607.43 million, a PE ratio of 14.77 and a beta of 0.81.

About iShares Global Financials ETF

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.