iShares Global Financials ETF (NYSEARCA:IXG) Stock Short Interest Falls 52.8%

iShares Global Financials ETF (NYSEARCA:IXG) was the recipient of a significant decline in short interest in the month of October. As of October 30th, there was short interest totaling 10,983 shares, a decline of 52.8% from the October 15th total of 23,280 shares. Based on an average trading volume of 26,791 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the company’s shares are sold short.

Hedge Funds Weigh In On iShares Global Financials ETF

Several institutional investors have recently modified their holdings of IXG. Edmond DE Rothschild Holding S.A. acquired a new position in shares of iShares Global Financials ETF in the 3rd quarter valued at approximately $43,000. Private Advisor Group LLC bought a new stake in iShares Global Financials ETF during the 3rd quarter worth approximately $493,000. Composition Wealth LLC bought a new position in iShares Global Financials ETF in the third quarter valued at approximately $2,569,000. Cibc World Market Inc. bought a new position in iShares Global Financials ETF in the third quarter valued at approximately $284,000. Finally, Banco Santander S.A. acquired a new position in shares of iShares Global Financials ETF in the third quarter valued at approximately $19,637,000.

iShares Global Financials ETF Stock Performance

NYSEARCA:IXG traded up $0.99 on Friday, reaching $133.51. The company’s stock had a trading volume of 50,446 shares, compared to its average volume of 45,804. iShares Global Financials ETF has a 1-year low of $109.99 and a 1-year high of $137.00. The business’s 50-day moving average price is $130.27 and its two-hundred day moving average price is $125.36. The firm has a market cap of $720.95 million, a PE ratio of 14.17 and a beta of 0.81.

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.