iShares Global Financials ETF (NYSEARCA:IXG) Short Interest Down 97.3% in June

iShares Global Financials ETF (NYSEARCA:IXG) was the recipient of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 3,005 shares, a decline of 97.3% from the June 15th total of 110,967 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 59,344 shares, the short-interest ratio is currently 0.1 days.

iShares Global Financials ETF Stock Up 0.6%

NYSEARCA:IXG traded up $0.76 during midday trading on Friday, hitting $129.24. The stock had a trading volume of 79,737 shares, compared to its average volume of 38,350. iShares Global Financials ETF has a one year low of $109.05 and a one year high of $130.29. The company has a market capitalization of $607.43 million, a price-to-earnings ratio of 14.77 and a beta of 0.81. The stock has a 50-day moving average of $123.47 and a 200 day moving average of $120.75.

Hedge Funds Weigh In On iShares Global Financials ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC raised its holdings in shares of iShares Global Financials ETF by 11.4% in the first quarter. Integrated Wealth Concepts LLC now owns 2,473 shares of the company’s stock valued at $255,000 after acquiring an additional 253 shares in the last quarter. Jane Street Group LLC grew its holdings in iShares Global Financials ETF by 14.2% during the 1st quarter. Jane Street Group LLC now owns 33,211 shares of the company’s stock worth $3,421,000 after acquiring an additional 4,131 shares in the last quarter. Cetera Investment Advisers grew its holdings in iShares Global Financials ETF by 6.2% during the 2nd quarter. Cetera Investment Advisers now owns 2,741 shares of the company’s stock worth $304,000 after acquiring an additional 161 shares in the last quarter. Raymond James Financial Inc. grew its holdings in iShares Global Financials ETF by 54.6% during the 2nd quarter. Raymond James Financial Inc. now owns 10,757 shares of the company’s stock worth $1,192,000 after acquiring an additional 3,799 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in iShares Global Financials ETF by 174.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 64,386 shares of the company’s stock valued at $7,145,000 after purchasing an additional 40,964 shares during the period.

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.