iShares Global Industrials ETF (NYSEARCA:EXI) Short Interest Up 91.5% in August

iShares Global Industrials ETF (NYSEARCA:EXI) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 53,050 shares, an increase of 91.5% from the August 15th total of 27,707 shares. Based on an average trading volume of 42,260 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.7% of the shares of the company are short sold.

iShares Global Industrials ETF Trading Down 0.5%

Shares of EXI stock traded down $0.99 during mid-day trading on Tuesday, reaching $190.92. The stock had a trading volume of 295,408 shares, compared to its average volume of 54,584. The business’s fifty day moving average is $199.00 and its 200-day moving average is $194.87. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 22.01 and a beta of 0.98. iShares Global Industrials ETF has a 1-year low of $165.70 and a 1-year high of $207.79.

Hedge Funds Weigh In On iShares Global Industrials ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Corient Private Wealth LP purchased a new position in iShares Global Industrials ETF during the 2nd quarter worth approximately $211,000. Tucker Asset Management LLC increased its stake in shares of iShares Global Industrials ETF by 275.5% in the second quarter. Tucker Asset Management LLC now owns 950 shares of the company’s stock worth $190,000 after acquiring an additional 697 shares during the period. Angeles Wealth Management LLC acquired a new stake in shares of iShares Global Industrials ETF in the second quarter worth $32,000. Ferguson Wellman Capital Management Inc. purchased a new position in shares of iShares Global Industrials ETF during the second quarter worth $268,000. Finally, Wellington Grp LLC purchased a new position in shares of iShares Global Industrials ETF during the first quarter worth $28,000.

About iShares Global Industrials ETF

iShares Global Industrials ETF (the Fund), formerly iShares S&P Global Industrials Sector 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 1200 Industrials Sector Index (the Index). The Index is a subset of the Standard & Poor’s Global 1200 Index. The Index includes manufacturers and distributors of capital goods, providers of commercial services and supplies, and transportation service providers.