iShares Global Financials ETF (NYSEARCA:IXG) Stock Short Interest Climbs 717.2%

iShares Global Financials ETF (NYSEARCA:IXG) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 187,362 shares, an increase of 717.2% from the August 31st total of 22,927 shares. Based on an average daily volume of 53,736 shares, the short-interest ratio is presently 3.5 days. Currently, 3.5% of the company’s shares are short sold.

iShares Global Financials ETF Price Performance

Shares of NYSEARCA:IXG traded down $0.17 on Thursday, hitting $128.90. 29,834 shares of the company’s stock were exchanged, compared to its average volume of 45,283. The stock has a market capitalization of $683.17 million, a price-to-earnings ratio of 14.77 and a beta of 0.80. iShares Global Financials ETF has a 12 month low of $109.99 and a 12 month high of $137.00. The business’s 50 day simple moving average is $133.14 and its two-hundred day simple moving average is $125.22.

Institutional Investors Weigh In On iShares Global Financials ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC boosted its position in iShares Global Financials ETF by 3.6% in the 1st quarter. Kestra Advisory Services LLC now owns 8,502 shares of the company’s stock valued at $969,000 after buying an additional 293 shares during the period. KCM Investment Advisors LLC increased its position in shares of iShares Global Financials ETF by 10.7% during the first quarter. KCM Investment Advisors LLC now owns 6,510 shares of the company’s stock worth $742,000 after acquiring an additional 628 shares during the period. Waterloo Capital L.P. increased its position in shares of iShares Global Financials ETF by 25.7% during the fourth quarter. Waterloo Capital L.P. now owns 4,383 shares of the company’s stock worth $529,000 after acquiring an additional 897 shares during the period. Fifth Third Bancorp raised its stake in shares of iShares Global Financials ETF by 27.0% during the first quarter. Fifth Third Bancorp now owns 3,669 shares of the company’s stock valued at $418,000 after acquiring an additional 781 shares in the last quarter. Finally, World Investment Advisors bought a new stake in shares of iShares Global Financials ETF during the fourth quarter valued at approximately $414,000.

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.