iShares Global 100 ETF (NYSEARCA:IOO) Sees Large Growth in Short Interest

iShares Global 100 ETF (NYSEARCA:IOO) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 1,112,994 shares, an increase of 198.4% from the June 15th total of 372,994 shares. Approximately 1.8% of the shares of the company are sold short. Based on an average daily trading volume, of 335,010 shares, the days-to-cover ratio is presently 3.3 days.

iShares Global 100 ETF Stock Performance

Shares of IOO stock traded down $1.44 during midday trading on Monday, hitting $137.98. 81,423 shares of the company were exchanged, compared to its average volume of 194,259. iShares Global 100 ETF has a 52 week low of $108.86 and a 52 week high of $144.78. The firm has a market capitalization of $8.60 billion, a P/E ratio of 24.21 and a beta of 0.96. The firm’s 50 day moving average price is $139.17 and its two-hundred day moving average price is $131.26.

Institutional Investors Weigh In On iShares Global 100 ETF

A number of institutional investors have recently made changes to their positions in the company. CWM LLC increased its stake in shares of iShares Global 100 ETF by 7.1% during the fourth quarter. CWM LLC now owns 1,279 shares of the company’s stock worth $162,000 after purchasing an additional 85 shares during the period. Powell Investment Advisors LLC boosted its stake in iShares Global 100 ETF by 0.3% in the 1st quarter. Powell Investment Advisors LLC now owns 29,609 shares of the company’s stock valued at $3,582,000 after purchasing an additional 87 shares during the period. Concurrent Investment Advisors LLC boosted its stake in iShares Global 100 ETF by 1.7% in the 4th quarter. Concurrent Investment Advisors LLC now owns 5,461 shares of the company’s stock valued at $692,000 after purchasing an additional 90 shares during the period. KPP Advisory Services LLC boosted its stake in iShares Global 100 ETF by 1.1% in the 1st quarter. KPP Advisory Services LLC now owns 8,846 shares of the company’s stock valued at $1,070,000 after purchasing an additional 94 shares during the period. Finally, Kingsview Wealth Management LLC grew its holdings in iShares Global 100 ETF by 1.1% in the 4th quarter. Kingsview Wealth Management LLC now owns 10,071 shares of the company’s stock valued at $1,276,000 after buying an additional 114 shares in the last quarter.

About iShares Global 100 ETF

iShares Global 100 ETF (the Fund), formerly iShares S&P Global 100 Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Global 100 Index (the Index). The Index is designed to measure the performance of 100 large-capitalization global companies. These companies are liquid and represent some of the multi-national businesses in the world. The Index is a subset of the S&P Global 1200 Index, and consists of 100 common stocks, screened for sector representation, liquidity and size.