iShares Global Materials ETF (NYSEARCA:MXI) Short Interest Update

iShares Global Materials ETF (NYSEARCA:MXI) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 26,141 shares, an increase of 951.1% from the November 30th total of 2,487 shares. Based on an average daily trading volume, of 9,155 shares, the short-interest ratio is currently 2.9 days. Currently, 1.0% of the company’s stock are short sold. Currently, 1.0% of the company’s stock are short sold. Based on an average daily trading volume, of 9,155 shares, the short-interest ratio is currently 2.9 days.

iShares Global Materials ETF Stock Performance

Shares of NYSEARCA:MXI traded down $0.01 on Thursday, hitting $98.00. 29,507 shares of the company’s stock were exchanged, compared to its average volume of 9,776. iShares Global Materials ETF has a 1-year low of $71.01 and a 1-year high of $98.01. The company has a market capitalization of $245 million, a PE ratio of 18.88 and a beta of 0.96. The firm’s 50-day moving average is $92.56 and its 200 day moving average is $89.87.

Institutional Trading of iShares Global Materials ETF

Hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. boosted its stake in shares of iShares Global Materials ETF by 40.2% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 457 shares of the company’s stock valued at $37,000 after buying an additional 131 shares in the last quarter. Farther Finance Advisors LLC purchased a new stake in iShares Global Materials ETF during the 3rd quarter worth about $49,000. Steward Partners Investment Advisory LLC boosted its position in iShares Global Materials ETF by 82.4% during the second quarter. Steward Partners Investment Advisory LLC now owns 821 shares of the company’s stock worth $70,000 after acquiring an additional 371 shares during the last quarter. CX Institutional boosted its position in shares of iShares Global Materials ETF by 1,415.9% in the second quarter. CX Institutional now owns 955 shares of the company’s stock worth $82,000 after acquiring an additional 892 shares during the last quarter. Finally, Allworth Financial LP boosted its holdings in iShares Global Materials ETF by 17.9% in the second quarter. Allworth Financial LP now owns 1,976 shares of the company’s stock valued at $169,000 after acquiring an additional 300 shares during the last quarter.

About iShares Global Materials ETF

iShares Global Materials ETF, formerly iShares S&P Global Materials Sector Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P Global Materials Sector Index (the Index). The Index is a subset of the S&P Global 1200 Index and measures the performance of companies that S&P deems to be part of the materials sector of the economy. Component companies include those companies engaged in a wide variety of commodity-related manufacturing and mining activities.