Global X FinTech ETF (NASDAQ:FINX) Stock Price Up 1% – Here’s What Happened

Global X FinTech ETF (NASDAQ:FINX) traded up 1% during mid-day trading on Monday . The stock traded as high as $30.84 and last traded at $30.61. 68,773 shares traded hands during mid-day trading, an increase of 21% from the average session volume of 56,840 shares. The stock had previously closed at $30.32.

Global X FinTech ETF Stock Performance

The company has a market capitalization of $273.96 million, a PE ratio of 31.36 and a beta of 1.59. The company’s 50-day simple moving average is $31.43 and its 200-day simple moving average is $32.94.

Hedge Funds Weigh In On Global X FinTech ETF

Several hedge funds have recently added to or reduced their stakes in the business. Ameritas Advisory Services LLC purchased a new position in shares of Global X FinTech ETF in the 2nd quarter worth $29,000. NewEdge Advisors LLC increased its stake in Global X FinTech ETF by 51.4% during the first quarter. NewEdge Advisors LLC now owns 1,157 shares of the company’s stock valued at $32,000 after purchasing an additional 393 shares during the last quarter. Legend Financial Advisors Inc. acquired a new stake in shares of Global X FinTech ETF during the 2nd quarter worth approximately $34,000. AlphaCore Capital LLC acquired a new position in Global X FinTech ETF during the 2nd quarter valued at about $34,000. Finally, Huntington National Bank bought a new position in shares of Global X FinTech ETF in the second quarter worth $54,000.

About Global X FinTech ETF

The Global X FinTech ETF (FINX) is an exchange-traded fund that is based on the Indxx Global Fintech Thematic index, a market-cap-weighted index of companies in developed markets that derive significant revenues from providing financial technology products and services. FINX was launched on Sep 12, 2016 and is managed by Global X.