Short Interest in iShares Global Financials ETF (NYSEARCA:IXG) Increases By 114.7%

iShares Global Financials ETF (NYSEARCA:IXG) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 39,132 shares, a growth of 114.7% from the July 30th total of 18,223 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average trading volume of 87,979 shares, the days-to-cover ratio is currently 0.4 days.

iShares Global Financials ETF Price Performance

NYSEARCA:IXG opened at $134.55 on Monday. iShares Global Financials ETF has a 1-year low of $109.99 and a 1-year high of $135.65. The company has a 50-day moving average of $130.96 and a 200 day moving average of $123.43. The firm has a market cap of $686.21 million, a PE ratio of 14.77 and a beta of 0.80.

Institutional Investors Weigh In On iShares Global Financials ETF

Large investors have recently modified their holdings of the business. Bank of America Corp DE boosted its stake in shares of iShares Global Financials ETF by 9.6% during the third quarter. Bank of America Corp DE now owns 309,112 shares of the company’s stock valued at $36,065,000 after purchasing an additional 27,062 shares in the last quarter. HighTower Advisors LLC raised its stake in iShares Global Financials ETF by 1,074.0% in the fourth quarter. HighTower Advisors LLC now owns 106,705 shares of the company’s stock worth $12,889,000 after buying an additional 97,616 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in iShares Global Financials ETF by 26.1% during the third quarter. Ameriprise Financial Inc. now owns 81,175 shares of the company’s stock worth $9,471,000 after buying an additional 16,789 shares during the period. Raymond James Financial Inc. lifted its holdings in iShares Global Financials ETF by 543.9% during the third quarter. Raymond James Financial Inc. now owns 69,261 shares of the company’s stock worth $8,081,000 after buying an additional 58,504 shares during the period. Finally, Susquehanna International Group LLP boosted its position in iShares Global Financials ETF by 1,633.9% during the 3rd quarter. Susquehanna International Group LLP now owns 64,867 shares of the company’s stock valued at $7,568,000 after acquiring an additional 61,126 shares in 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.