Short Interest in iShares Global Comm Services ETF (NYSEARCA:IXP) Declines By 75.0%

iShares Global Comm Services ETF (NYSEARCA:IXP) saw a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 3,165 shares, a decline of 75.0% from the January 29th total of 12,647 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 36,441 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 36,441 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

iShares Global Comm Services ETF Stock Up 1.1%

NYSEARCA IXP traded up $1.38 during trading hours on Friday, reaching $122.26. 10,560 shares of the company were exchanged, compared to its average volume of 54,163. The stock has a market capitalization of $715.22 million, a P/E ratio of 19.46 and a beta of 0.87. iShares Global Comm Services ETF has a 1 year low of $86.38 and a 1 year high of $126.92. The business’s 50 day simple moving average is $121.49 and its 200-day simple moving average is $121.84.

Hedge Funds Weigh In On iShares Global Comm Services ETF

Several institutional investors have recently bought and sold shares of the company. Hsbc Holdings PLC purchased a new stake in iShares Global Comm Services ETF in the second quarter worth $78,708,000. PGIM Custom Harvest LLC grew its stake in shares of iShares Global Comm Services ETF by 25.3% during the 2nd quarter. PGIM Custom Harvest LLC now owns 399,185 shares of the company’s stock worth $44,836,000 after acquiring an additional 80,560 shares during the period. Pictet Asset Management Holding SA increased its holdings in iShares Global Comm Services ETF by 16.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 385,010 shares of the company’s stock worth $46,632,000 after acquiring an additional 54,800 shares during the last quarter. Bank of America Corp DE raised its stake in iShares Global Comm Services ETF by 427.5% in the 2nd quarter. Bank of America Corp DE now owns 295,753 shares of the company’s stock valued at $33,219,000 after acquiring an additional 239,685 shares during the period. Finally, HighTower Advisors LLC lifted its holdings in iShares Global Comm Services ETF by 9,233.6% during the fourth quarter. HighTower Advisors LLC now owns 153,911 shares of the company’s stock valued at $18,657,000 after purchasing an additional 152,262 shares during the last quarter.

About iShares Global Comm Services ETF

The iShares Global Comm Services ETF (IXP) is an exchange-traded fund that mostly invests in communication services equity. The fund tracks a market-cap-weighted index of global communication services companies, drawn from 1,200 global stocks selected by S&P. IXP was launched on Nov 12, 2001 and is managed by BlackRock.