iShares Global Materials ETF (NYSEARCA:MXI) Short Interest Down 71.7% in February

iShares Global Materials ETF (NYSEARCA:MXI) saw a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 32,665 shares, a decline of 71.7% from the February 12th total of 115,281 shares. Based on an average daily volume of 66,195 shares, the days-to-cover ratio is presently 0.5 days. Currently, 1.1% of the company’s stock are sold short. Currently, 1.1% of the company’s stock are sold short. Based on an average daily volume of 66,195 shares, the days-to-cover ratio is presently 0.5 days.

iShares Global Materials ETF Stock Down 0.8%

Shares of iShares Global Materials ETF stock traded down $0.91 on Thursday, hitting $106.16. 20,993 shares of the company’s stock traded hands, compared to its average volume of 42,662. The stock has a market cap of $307.86 million, a P/E ratio of 18.88 and a beta of 0.96. The firm’s 50-day moving average is $108.28 and its 200 day moving average is $97.85. iShares Global Materials ETF has a 52-week low of $71.01 and a 52-week high of $116.61.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new stake in shares of iShares Global Materials ETF in the 1st quarter worth about $3,378,000. Allworth Financial LP lifted its stake in iShares Global Materials ETF by 17.9% during the second quarter. Allworth Financial LP now owns 1,976 shares of the company’s stock worth $169,000 after purchasing an additional 300 shares during the last quarter. Creative Planning lifted its stake in iShares Global Materials ETF by 4.0% during the second quarter. Creative Planning now owns 7,440 shares of the company’s stock worth $636,000 after purchasing an additional 284 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in iShares Global Materials ETF by 82.4% in the second quarter. Steward Partners Investment Advisory LLC now owns 821 shares of the company’s stock worth $70,000 after purchasing an additional 371 shares during the period. Finally, Viawealth LLC boosted its holdings in iShares Global Materials ETF by 7.5% in the second quarter. Viawealth LLC now owns 4,541 shares of the company’s stock worth $388,000 after purchasing an additional 317 shares during the period.

iShares Global Materials ETF Company Profile

iShares Global Materials ETF, formerly iShares S&P Global Materials Sector Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P Global Materials Sector Index (the Index). The Index is a subset of the S&P Global 1200 Index and measures the performance of companies that S&P deems to be part of the materials sector of the economy. Component companies include those companies engaged in a wide variety of commodity-related manufacturing and mining activities.