Short Interest in iShares Global Comm Services ETF (NYSEARCA:IXP) Expands By 265.0%

iShares Global Comm Services ETF (NYSEARCA:IXP) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 28,708 shares, a growth of 265.0% from the June 15th total of 7,865 shares. Based on an average trading volume of 56,476 shares, the short-interest ratio is presently 0.5 days. Approximately 0.6% of the company’s stock are sold short.

Hedge Funds Weigh In On iShares Global Comm Services ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Kestra Advisory Services LLC bought a new stake in iShares Global Comm Services ETF in the 4th quarter valued at about $31,000. Goodman Advisory Group LLC bought a new position in iShares Global Comm Services ETF in the first quarter worth approximately $40,000. AlphaCore Capital LLC grew its stake in iShares Global Comm Services ETF by 4,300.0% in the fourth quarter. AlphaCore Capital LLC now owns 484 shares of the company’s stock valued at $59,000 after acquiring an additional 473 shares during the period. Parallel Advisors LLC grew its stake in iShares Global Comm Services ETF by 19.2% in the first quarter. Parallel Advisors LLC now owns 1,514 shares of the company’s stock valued at $174,000 after acquiring an additional 244 shares during the period. Finally, KCM Investment Advisors LLC bought a new stake in shares of iShares Global Comm Services ETF during the fourth quarter valued at approximately $201,000.

iShares Global Comm Services ETF Stock Down 0.5%

NYSEARCA:IXP traded down $0.56 during trading hours on Monday, reaching $117.58. The company had a trading volume of 9,800 shares, compared to its average volume of 37,504. The firm has a market cap of $540.87 million, a price-to-earnings ratio of 19.46 and a beta of 0.90. The business’s 50-day simple moving average is $119.80 and its two-hundred day simple moving average is $120.10. iShares Global Comm Services ETF has a twelve month low of $109.87 and a twelve month high of $126.92.

About iShares Global Comm Services ETF

The iShares Global Comm Services ETF (IXP) is an exchange-traded fund that mostly invests in communication services equity. The fund tracks a market-cap-weighted index of global communication services companies, drawn from 1,200 global stocks selected by S&P. IXP was launched on Nov 12, 2001 and is managed by BlackRock.