Global X FinTech ETF (NASDAQ:FINX) Short Interest Up 123.5% in July

Global X FinTech ETF (NASDAQ:FINX) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 375,304 shares, a growth of 123.5% from the July 15th total of 167,889 shares. Approximately 5.7% of the company’s shares are sold short. Based on an average trading volume of 89,090 shares, the short-interest ratio is currently 4.2 days.

Global X FinTech ETF Stock Down 1.3%

Shares of FINX stock traded down $0.35 during mid-day trading on Friday, hitting $26.76. 153,605 shares of the company’s stock were exchanged, compared to its average volume of 91,146. Global X FinTech ETF has a fifty-two week low of $22.08 and a fifty-two week high of $35.58. The stock has a 50-day simple moving average of $25.36 and a two-hundred day simple moving average of $25.00. The stock has a market cap of $175.28 million, a price-to-earnings ratio of 31.36 and a beta of 1.53.

Global X FinTech ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, July 7th. Investors of record on Monday, June 29th were given a dividend of $0.0429 per share. The ex-dividend date was Monday, June 29th.

Institutional Trading of Global X FinTech ETF

Hedge funds have recently added to or reduced their stakes in the business. Sherman Asset Management Inc. acquired a new position in shares of Global X FinTech ETF during the 1st quarter valued at about $27,000. NewEdge Advisors LLC boosted its position in shares of Global X FinTech ETF by 51.4% in the first quarter. NewEdge Advisors LLC now owns 1,157 shares of the company’s stock worth $32,000 after acquiring an additional 393 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Global X FinTech ETF by 75.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,196 shares of the company’s stock worth $35,000 after acquiring an additional 516 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in Global X FinTech ETF in the fourth quarter valued at approximately $50,000. Finally, Banque Cantonale Vaudoise purchased a new stake in Global X FinTech ETF in the third quarter valued at approximately $73,000.

Global X FinTech ETF Company Profile

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.