Short Interest in Global X S&P 500 Catholic Values ETF (NASDAQ:CATH) Drops By 55.5%

Global X S&P 500 Catholic Values ETF (NASDAQ:CATH) was the recipient of a large drop in short interest in May. As of May 29th, there was short interest totaling 13,345 shares, a drop of 55.5% from the May 14th total of 29,991 shares. Based on an average daily volume of 49,152 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CATH. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Global X S&P 500 Catholic Values ETF by 120.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 66,989 shares of the company’s stock valued at $5,508,000 after purchasing an additional 36,630 shares during the period. HBK Sorce Advisory LLC purchased a new stake in shares of Global X S&P 500 Catholic Values ETF during the 4th quarter valued at approximately $1,986,000. Sound View Wealth Advisors Group LLC bought a new stake in Global X S&P 500 Catholic Values ETF during the 3rd quarter worth approximately $9,287,000. Clifford Swan Investment Counsel LLC increased its holdings in shares of Global X S&P 500 Catholic Values ETF by 77.3% in the 3rd quarter. Clifford Swan Investment Counsel LLC now owns 71,846 shares of the company’s stock worth $5,824,000 after buying an additional 31,316 shares during the last quarter. Finally, Signet Private Wealth LLC bought a new position in shares of Global X S&P 500 Catholic Values ETF during the 4th quarter valued at $2,223,000.

Global X S&P 500 Catholic Values ETF Trading Up 0.5%

CATH traded up $0.41 during midday trading on Friday, hitting $88.37. The company’s stock had a trading volume of 41,979 shares, compared to its average volume of 42,449. The firm has a 50-day moving average price of $86.53 and a two-hundred day moving average price of $83.59. Global X S&P 500 Catholic Values ETF has a 52-week low of $72.41 and a 52-week high of $90.68. The firm has a market cap of $1.24 billion, a P/E ratio of 25.57 and a beta of 1.02.

Global X S&P 500 Catholic Values ETF Company Profile

The Global X S&P 500 Catholic Values ETF (CATH) is an exchange-traded fund that is based on the S&P 500 Catholic Values index. The fund tracks an index of US large-cap stocks selected from the S&P 500. The cap-weighted index omits companies from certain industries at odds with Catholic values. CATH was launched on Apr 18, 2016 and is managed by Global X.