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

iShares Global Financials ETF (NYSEARCA:IXG) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 39,132 shares, an increase of 114.7% from the July 30th total of 18,223 shares. Based on an average daily trading volume, of 87,979 shares, the short-interest ratio is currently 0.4 days. Approximately 0.8% of the shares of the stock are short sold.

Institutional Investors Weigh In On iShares Global Financials ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IXG. HighTower Advisors LLC boosted its stake in shares of iShares Global Financials ETF by 1,074.0% during the 4th quarter. HighTower Advisors LLC now owns 106,705 shares of the company’s stock worth $12,889,000 after purchasing an additional 97,616 shares during the period. Sanctuary Advisors LLC purchased a new stake in iShares Global Financials ETF in the 4th quarter worth about $203,000. Mutual Advisors LLC bought a new stake in iShares Global Financials ETF in the fourth quarter worth about $203,000. Fifth Third Bancorp lifted its stake in iShares Global Financials ETF by 27.0% in the first quarter. Fifth Third Bancorp now owns 3,669 shares of the company’s stock worth $418,000 after purchasing an additional 781 shares during the last quarter. Finally, Kestra Advisory Services LLC boosted its position in shares of iShares Global Financials ETF by 3.6% during the first quarter. Kestra Advisory Services LLC now owns 8,502 shares of the company’s stock valued at $969,000 after buying an additional 293 shares during the period.

iShares Global Financials ETF Price Performance

Shares of NYSEARCA IXG traded up $0.57 during mid-day trading on Friday, hitting $134.55. 13,732 shares of the company’s stock traded hands, compared to its average volume of 45,504. iShares Global Financials ETF has a 1 year low of $109.99 and a 1 year high of $135.65. The company’s 50-day moving average is $130.96 and its two-hundred day moving average is $123.43. The company has a market capitalization of $686.21 million, a P/E ratio of 14.77 and a beta of 0.80.

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.