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

iShares Global Financials ETF (NYSEARCA:IXG) saw a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 25,966 shares, a growth of 39.4% from the February 12th total of 18,625 shares. Based on an average trading volume of 38,267 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.5% of the shares of the company are sold short. Approximately 0.5% of the shares of the company are sold short. Based on an average trading volume of 38,267 shares, the days-to-cover ratio is currently 0.7 days.

iShares Global Financials ETF Trading Down 0.6%

Shares of NYSEARCA:IXG opened at $111.39 on Monday. The firm has a market capitalization of $607.08 million, a PE ratio of 14.77 and a beta of 0.93. iShares Global Financials ETF has a 1-year low of $88.04 and a 1-year high of $124.32. The business’s 50 day moving average is $120.34 and its 200-day moving average is $117.81.

Institutional Investors Weigh In On iShares Global Financials ETF

A number of institutional investors have recently bought and sold shares of the business. Cresset Asset Management LLC raised its stake in shares of iShares Global Financials ETF by 37.9% in the 3rd quarter. Cresset Asset Management LLC now owns 25,951 shares of the company’s stock valued at $3,028,000 after buying an additional 7,127 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of iShares Global Financials ETF by 1,637.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 18,329 shares of the company’s stock valued at $2,138,000 after acquiring an additional 17,274 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of iShares Global Financials ETF by 1,681.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 96,574 shares of the company’s stock valued at $11,268,000 after acquiring an additional 91,153 shares in the last quarter. Smartleaf Asset Management LLC bought a new stake in iShares Global Financials ETF in the third quarter valued at about $1,019,000. Finally, Outlook Wealth Advisors LLC bought a new stake in iShares Global Financials ETF in the third quarter valued at about $5,112,000.

iShares Global Financials ETF Company Profile

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.