iShares Global Financials ETF (NYSEARCA:IXG) Stock Short Interest Declines 96.7%

iShares Global Financials ETF (NYSEARCA:IXG) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totaling 6,107 shares, a decline of 96.7% from the September 15th total of 187,362 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 33,114 shares, the short-interest ratio is presently 0.2 days.

iShares Global Financials ETF Price Performance

Shares of IXG stock traded up $0.93 during mid-day trading on Friday, hitting $127.56. 30,758 shares of the stock traded hands, compared to its average volume of 45,290. The stock has a market cap of $695.20 million, a P/E ratio of 14.77 and a beta of 0.82. The stock’s fifty day moving average is $132.32 and its two-hundred day moving average is $126.24. iShares Global Financials ETF has a 52-week low of $109.99 and a 52-week high of $137.00.

Hedge Funds Weigh In On iShares Global Financials ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Kestra Advisory Services LLC lifted its holdings in shares of iShares Global Financials ETF by 3.6% during the 1st quarter. Kestra Advisory Services LLC now owns 8,502 shares of the company’s stock valued at $969,000 after purchasing an additional 293 shares during the last quarter. KCM Investment Advisors LLC grew its stake in iShares Global Financials ETF by 10.7% during the 1st quarter. KCM Investment Advisors LLC now owns 6,510 shares of the company’s stock worth $742,000 after buying an additional 628 shares during the last quarter. Fifth Third Bancorp increased its position in iShares Global Financials ETF by 27.0% during the 1st quarter. Fifth Third Bancorp now owns 3,669 shares of the company’s stock valued at $418,000 after buying an additional 781 shares in the last quarter. Unique Wealth LLC acquired a new position in iShares Global Financials ETF during the 1st quarter valued at about $399,000. Finally, World Investment Advisors purchased a new stake in iShares Global Financials ETF in the fourth quarter valued at about $414,000.

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.