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

iShares Global Financials ETF (NYSEARCA:IXG) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 21,320 shares, a growth of 683.5% from the April 30th total of 2,721 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average trading volume of 17,742 shares, the short-interest ratio is presently 1.2 days.

Institutional Trading of iShares Global Financials ETF

Hedge funds have recently added to or reduced their stakes in the stock. NBT Bank N A NY boosted its position in iShares Global Financials ETF by 151.2% in the first quarter. NBT Bank N A NY now owns 304 shares of the company’s stock valued at $35,000 after buying an additional 183 shares in the last quarter. BOKF NA acquired a new stake in iShares Global Financials ETF in the third quarter valued at approximately $37,000. Arax Advisory Partners acquired a new stake in iShares Global Financials ETF in the fourth quarter valued at approximately $43,000. Blair William & Co. IL boosted its position in iShares Global Financials ETF by 112.2% in the third quarter. Blair William & Co. IL now owns 488 shares of the company’s stock valued at $57,000 after buying an additional 258 shares in the last quarter. Finally, Barclays PLC acquired a new position in shares of iShares Global Financials ETF during the fourth quarter worth $62,000.

iShares Global Financials ETF Stock Down 0.6%

Shares of IXG traded down $0.68 during mid-day trading on Thursday, hitting $121.26. 13,282 shares of the company’s stock were exchanged, compared to its average volume of 35,577. The stock’s 50-day simple moving average is $118.60 and its 200-day simple moving average is $118.99. The firm has a market cap of $539.61 million, a price-to-earnings ratio of 14.77 and a beta of 0.82. iShares Global Financials ETF has a 52 week low of $106.15 and a 52 week high of $124.32.

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.