iShares Global Financials ETF (NYSEARCA:IXG) Short Interest Up 490.8% in June

iShares Global Financials ETF (NYSEARCA:IXG) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totaling 110,967 shares, a growth of 490.8% from the May 31st total of 18,784 shares. Based on an average daily trading volume, of 27,909 shares, the days-to-cover ratio is presently 4.0 days. Currently, 2.5% of the company’s stock are sold short.

iShares Global Financials ETF Trading Up 0.0%

NYSEARCA:IXG traded up $0.03 on Friday, reaching $123.97. The stock had a trading volume of 19,934 shares, compared to its average volume of 36,744. iShares Global Financials ETF has a 12-month low of $109.05 and a 12-month high of $127.03. The stock has a market cap of $551.67 million, a P/E ratio of 14.77 and a beta of 0.81. The company has a 50-day moving average of $122.19 and a 200 day moving average of $120.18.

Institutional Investors Weigh In On iShares Global Financials ETF

A number of hedge funds have recently bought and sold shares of the business. Optiver Holding B.V. acquired a new position in shares of iShares Global Financials ETF in the 1st quarter valued at approximately $27,000. NBT Bank N A NY boosted its stake in shares of iShares Global Financials ETF by 151.2% during the 1st quarter. NBT Bank N A NY now owns 304 shares of the company’s stock valued at $35,000 after buying an additional 183 shares during the last quarter. BOKF NA acquired a new stake in shares of iShares Global Financials ETF during the third quarter worth approximately $37,000. Arax Advisory Partners acquired a new stake in shares of iShares Global Financials ETF during the fourth quarter worth approximately $43,000. Finally, Blair William & Co. IL increased its stake in shares of iShares Global Financials ETF by 112.2% in the third quarter. Blair William & Co. IL now owns 488 shares of the company’s stock worth $57,000 after buying an additional 258 shares during the last quarter.

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.