iShares Global Financials ETF (NYSEARCA:IXG) Short Interest Down 15.7% in March

iShares Global Financials ETF (NYSEARCA:IXG) was the recipient of a large drop in short interest during the month of March. As of March 31st, there was short interest totaling 1,758 shares, a drop of 15.7% from the March 15th total of 2,085 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 59,349 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On iShares Global Financials ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. World Investment Advisors purchased a new position in iShares Global Financials ETF during the fourth quarter valued at $414,000. Beacon Pointe Advisors LLC purchased a new position in iShares Global Financials ETF during the fourth quarter valued at $409,000. Hilltop Holdings Inc. lifted its position in iShares Global Financials ETF by 32.5% during the fourth quarter. Hilltop Holdings Inc. now owns 6,257 shares of the company’s stock valued at $756,000 after purchasing an additional 1,535 shares in the last quarter. Osaic Holdings Inc. lifted its position in iShares Global Financials ETF by 1.4% during the fourth quarter. Osaic Holdings Inc. now owns 34,061 shares of the company’s stock valued at $4,117,000 after purchasing an additional 478 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in iShares Global Financials ETF by 7.7% during the fourth quarter. Royal Bank of Canada now owns 37,747 shares of the company’s stock valued at $4,559,000 after purchasing an additional 2,694 shares in the last quarter.

iShares Global Financials ETF Trading Up 1.4%

NYSEARCA IXG traded up $1.67 on Friday, hitting $123.35. 17,883 shares of the company traded hands, compared to its average volume of 43,597. The company has a market capitalization of $561.24 million, a price-to-earnings ratio of 14.77 and a beta of 0.84. The business’s 50 day moving average price is $117.23 and its 200-day moving average price is $117.78. iShares Global Financials ETF has a 52-week low of $96.39 and a 52-week high of $124.32.

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.