iShares Global Financials ETF (NYSEARCA:IXG) Short Interest Update

iShares Global Financials ETF (NYSEARCA:IXG) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 18,223 shares, a drop of 89.4% from the July 15th total of 172,336 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 63,702 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of iShares Global Financials ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Optiver Holding B.V. purchased a new stake in shares of iShares Global Financials ETF in the first quarter worth approximately $27,000. NBT Bank N A NY boosted its position in shares of iShares Global Financials ETF by 151.2% during 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 during the last quarter. BOKF NA bought a new stake in iShares Global Financials ETF during the third quarter worth $37,000. Arax Advisory Partners bought a new stake in iShares Global Financials ETF during the fourth quarter worth $43,000. Finally, Blair William & Co. IL grew its holdings in iShares Global Financials ETF by 112.2% during the third quarter. Blair William & Co. IL now owns 488 shares of the company’s stock worth $57,000 after buying an additional 258 shares in the last quarter.

iShares Global Financials ETF Price Performance

NYSEARCA:IXG opened at $134.91 on Friday. iShares Global Financials ETF has a one year low of $109.99 and a one year high of $135.65. The company has a market cap of $688.04 million, a PE ratio of 14.77 and a beta of 0.80. The firm has a 50-day moving average of $128.71 and a 200-day moving average of $122.52.

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.