iShares Global 100 ETF (NYSEARCA:IOO) Short Interest Down 50.7% in July

iShares Global 100 ETF (NYSEARCA:IOO) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 548,491 shares, a drop of 50.7% from the June 30th total of 1,112,994 shares. Based on an average daily volume of 127,356 shares, the short-interest ratio is presently 4.3 days. Currently, 0.9% of the company’s stock are short sold.

Hedge Funds Weigh In On iShares Global 100 ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of iShares Global 100 ETF during the 4th quarter valued at about $25,000. Nalls Sherbakoff Group LLC bought a new position in iShares Global 100 ETF in the 4th quarter worth $25,000. Matrix Private Capital Group LLC bought a new stake in iShares Global 100 ETF during the first quarter valued at about $36,000. Johnson Financial Group Inc. purchased a new stake in iShares Global 100 ETF in the first quarter worth about $39,000. Finally, Capital Investment Advisory Services LLC lifted its position in shares of iShares Global 100 ETF by 54.3% during the 4th quarter. Capital Investment Advisory Services LLC now owns 355 shares of the company’s stock valued at $45,000 after buying an additional 125 shares in the last quarter.

iShares Global 100 ETF Trading Up 0.6%

NYSEARCA:IOO traded up $0.84 during mid-day trading on Tuesday, reaching $138.31. The company’s stock had a trading volume of 64,483 shares, compared to its average volume of 196,964. The stock has a market cap of $8.69 billion, a P/E ratio of 24.21 and a beta of 0.96. The firm’s fifty day moving average price is $138.95 and its two-hundred day moving average price is $132.12. iShares Global 100 ETF has a 12-month low of $109.21 and a 12-month high of $144.78.

About iShares Global 100 ETF

iShares Global 100 ETF (the Fund), formerly iShares S&P Global 100 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 100 Index (the Index). The Index is designed to measure the performance of 100 large-capitalization global companies. These companies are liquid and represent some of the multi-national businesses in the world. The Index is a subset of the S&P Global 1200 Index, and consists of 100 common stocks, screened for sector representation, liquidity and size.