iShares Global Financials ETF (NYSEARCA:IXG) Stock Short Interest Rises 281.2%

iShares Global Financials ETF (NYSEARCA:IXG) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 23,280 shares, a growth of 281.2% from the September 30th total of 6,107 shares. Based on an average daily volume of 45,974 shares, the short-interest ratio is presently 0.5 days. Currently, 0.4% of the company’s stock are sold short.

iShares Global Financials ETF Stock Performance

Shares of IXG traded down $1.10 during mid-day trading on Friday, reaching $129.53. 5,299 shares of the company’s stock traded hands, compared to its average volume of 44,085. The stock has a market capitalization of $699.43 million, a P/E ratio of 14.77 and a beta of 0.82. The business’s 50-day moving average price is $130.75 and its 200-day moving average price is $124.76. iShares Global Financials ETF has a 12 month low of $109.99 and a 12 month high of $137.00.

Institutional Investors Weigh In On iShares Global Financials ETF

Large investors have recently bought and sold shares of the business. Avior Wealth Management LLC bought a new stake in iShares Global Financials ETF during the third quarter valued at about $10,934,000. Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of iShares Global Financials ETF in the third quarter worth $13,108,000. Mirae Asset Global Investments Co. Ltd. bought a new position in iShares Global Financials ETF during the third quarter worth $963,000. D.A. Davidson & CO. bought a new position in iShares Global Financials ETF during the third quarter worth $273,000. Finally, Mondrian Investment Partners LTD acquired a new position in iShares Global Financials ETF during the 3rd quarter valued at $56,000.

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.