iShares Global Financials ETF (NYSEARCA:IXG) Short Interest Update

iShares Global Financials ETF (NYSEARCA:IXG) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 172,336 shares, an increase of 5,635.0% from the June 30th total of 3,005 shares. Based on an average daily trading volume, of 88,964 shares, the days-to-cover ratio is currently 1.9 days. Currently, 3.4% of the shares of the stock are sold short.

iShares Global Financials ETF Price Performance

Shares of iShares Global Financials ETF stock traded up $1.34 during trading on Friday, hitting $130.96. 33,793 shares of the company’s stock traded hands, compared to its average volume of 41,503. The firm’s fifty day moving average price is $125.14 and its 200 day moving average price is $121.28. iShares Global Financials ETF has a twelve month low of $109.05 and a twelve month high of $131.82. The company has a market cap of $667.90 million, a PE ratio of 14.77 and a beta of 0.81.

Institutional Investors Weigh In On iShares Global Financials ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC raised its holdings in shares of iShares Global Financials ETF by 11.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,473 shares of the company’s stock worth $255,000 after buying an additional 253 shares in the last quarter. Jane Street Group LLC grew its position in iShares Global Financials ETF by 14.2% in the first quarter. Jane Street Group LLC now owns 33,211 shares of the company’s stock valued at $3,421,000 after acquiring an additional 4,131 shares during the period. Cetera Investment Advisers raised its stake in iShares Global Financials ETF by 6.2% during the second quarter. Cetera Investment Advisers now owns 2,741 shares of the company’s stock worth $304,000 after acquiring an additional 161 shares in the last quarter. Raymond James Financial Inc. raised its stake in iShares Global Financials ETF by 54.6% during the second quarter. Raymond James Financial Inc. now owns 10,757 shares of the company’s stock worth $1,192,000 after acquiring an additional 3,799 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of iShares Global Financials ETF by 174.9% during the second quarter. Ameriprise Financial Inc. now owns 64,386 shares of the company’s stock valued at $7,145,000 after acquiring an additional 40,964 shares during the period.

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.