iShares Global Tech ETF (NYSEARCA:IXN) Short Interest Update

iShares Global Tech ETF (NYSEARCA:IXN) saw a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 748,542 shares, a growth of 34.4% from the February 12th total of 556,793 shares. Approximately 1.2% of the company’s stock are sold short. Based on an average daily volume of 236,073 shares, the short-interest ratio is currently 3.2 days. Based on an average daily volume of 236,073 shares, the short-interest ratio is currently 3.2 days. Approximately 1.2% of the company’s stock are sold short.

iShares Global Tech ETF Price Performance

Shares of NYSEARCA:IXN opened at $102.80 on Friday. iShares Global Tech ETF has a 12 month low of $63.58 and a 12 month high of $112.78. The firm has a market capitalization of $6.27 billion, a P/E ratio of 34.73 and a beta of 1.24. The company’s fifty day moving average price is $106.62 and its 200 day moving average price is $104.77.

Institutional Trading of iShares Global Tech ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. World Investment Advisors lifted its holdings in shares of iShares Global Tech ETF by 2.5% in the 4th quarter. World Investment Advisors now owns 85,979 shares of the company’s stock valued at $9,028,000 after purchasing an additional 2,064 shares during the last quarter. Farmers National Bank purchased a new position in iShares Global Tech ETF during the 4th quarter worth approximately $698,000. Hsbc Holdings PLC purchased a new position in iShares Global Tech ETF during the 4th quarter worth approximately $1,890,000. Tempo Wealth LLC acquired a new position in iShares Global Tech ETF during the fourth quarter worth approximately $1,237,000. Finally, Barnes Wealth Management Group Inc increased its position in iShares Global Tech ETF by 12.9% during the fourth quarter. Barnes Wealth Management Group Inc now owns 2,466 shares of the company’s stock worth $259,000 after buying an additional 281 shares during the period.

About iShares Global Tech ETF

iShares Global Tech ETF (the Fund), formerly iShares S&P Global Technology 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 Information Technology Sector Index (the Index). The Index measures the performance of companies that Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw-Hill Companies (S&P) deems to be part of the information technology sector of the economy.