iShares Global Financials ETF (NYSEARCA:IXG) Short Interest Update

iShares Global Financials ETF (NYSEARCA:IXG) was the target of a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 13,324 shares, a decline of 22.4% from the December 31st total of 17,176 shares. Based on an average daily volume of 29,911 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 29,911 shares, the days-to-cover ratio is currently 0.4 days.

iShares Global Financials ETF Price Performance

NYSEARCA IXG traded down $0.32 during mid-day trading on Tuesday, hitting $122.50. The company’s stock had a trading volume of 59,717 shares, compared to its average volume of 30,328. The firm has a market capitalization of $661.50 million, a P/E ratio of 14.77 and a beta of 0.93. iShares Global Financials ETF has a 52-week low of $88.04 and a 52-week high of $124.32. The stock’s fifty day simple moving average is $120.52 and its two-hundred day simple moving average is $116.58.

Institutional Trading of iShares Global Financials ETF

A number of hedge funds have recently made changes to their positions in IXG. NBC Securities Inc. boosted its stake in shares of iShares Global Financials ETF by 5.1% in the fourth quarter. NBC Securities Inc. now owns 1,764 shares of the company’s stock valued at $213,000 after purchasing an additional 86 shares during the period. Fisher Asset Management LLC boosted its position in iShares Global Financials ETF by 1.5% in the 3rd quarter. Fisher Asset Management LLC now owns 6,782 shares of the company’s stock valued at $791,000 after buying an additional 102 shares during the last quarter. Tiller Private Wealth Inc. boosted its position in iShares Global Financials ETF by 2.8% in the 4th quarter. Tiller Private Wealth Inc. now owns 4,600 shares of the company’s stock valued at $556,000 after buying an additional 125 shares during the last quarter. KCM Investment Advisors LLC grew its stake in shares of iShares Global Financials ETF by 2.6% during the third quarter. KCM Investment Advisors LLC now owns 5,722 shares of the company’s stock valued at $668,000 after acquiring an additional 146 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in shares of iShares Global Financials ETF by 6.2% during the second quarter. Cetera Investment Advisers now owns 2,741 shares of the company’s stock worth $304,000 after acquiring an additional 161 shares during the last quarter.

About iShares Global Financials ETF

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.