iShares Global Financials ETF (NYSEARCA:IXG) Sees Significant Growth in Short Interest

iShares Global Financials ETF (NYSEARCA:IXG) was the target of a significant increase in short interest in February. As of February 27th, there was short interest totaling 25,966 shares, an increase of 39.4% from the February 12th total of 18,625 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 38,267 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily trading volume, of 38,267 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.5% of the shares of the company are sold short.

Hedge Funds Weigh In On iShares Global Financials ETF

Several large investors have recently added to or reduced their stakes in IXG. NBC Securities Inc. lifted its stake in shares of iShares Global Financials ETF by 5.1% during the 4th quarter. NBC Securities Inc. now owns 1,764 shares of the company’s stock valued at $213,000 after buying an additional 86 shares in the last quarter. Fisher Asset Management LLC raised its holdings in iShares Global Financials ETF by 1.5% during the third quarter. Fisher Asset Management LLC now owns 6,782 shares of the company’s stock valued at $791,000 after acquiring an additional 102 shares during the period. MML Investors Services LLC raised its holdings in iShares Global Financials ETF by 2.3% during the fourth quarter. MML Investors Services LLC now owns 4,733 shares of the company’s stock valued at $572,000 after acquiring an additional 108 shares during the period. Integrated Wealth Concepts LLC lifted its position in shares of iShares Global Financials ETF by 3.1% in the fourth quarter. Integrated Wealth Concepts LLC now owns 3,968 shares of the company’s stock valued at $479,000 after acquiring an additional 120 shares in the last quarter. Finally, Tiller Private Wealth Inc. boosted its stake in shares of iShares Global Financials ETF by 2.8% in the fourth quarter. Tiller Private Wealth Inc. now owns 4,600 shares of the company’s stock worth $556,000 after acquiring an additional 125 shares during the period.

iShares Global Financials ETF Price Performance

Shares of IXG stock traded down $0.65 during trading hours on Friday, reaching $111.39. 16,236 shares of the company traded hands, compared to its average volume of 44,850. iShares Global Financials ETF has a 12-month low of $88.04 and a 12-month high of $124.32. The company has a market cap of $607.08 million, a P/E ratio of 14.77 and a beta of 0.93. The firm has a 50-day moving average price of $120.34 and a 200 day moving average price of $117.81.

iShares Global Financials ETF Company Profile

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.