Short Interest in Global X FinTech Thematic ETF (NASDAQ:FINX) Expands By 307.6%

Global X FinTech Thematic ETF (NASDAQ:FINX) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 96,600 shares, an increase of 307.6% from the June 30th total of 23,700 shares. Based on an average trading volume of 51,600 shares, the days-to-cover ratio is currently 1.9 days.

Global X FinTech Thematic ETF Stock Performance

Shares of NASDAQ:FINX traded up $0.57 during trading hours on Friday, hitting $26.01. The stock had a trading volume of 45,686 shares, compared to its average volume of 79,774. The stock’s fifty day simple moving average is $25.54 and its 200 day simple moving average is $25.66. Global X FinTech Thematic ETF has a 1-year low of $18.17 and a 1-year high of $27.97. The firm has a market capitalization of $289.49 million, a price-to-earnings ratio of 29.40 and a beta of 1.35.

Global X FinTech Thematic ETF Dividend Announcement

The company also recently declared a Semi-Annual dividend, which was paid on Friday, July 5th. Shareholders of record on Thursday, June 27th were paid a $0.0575 dividend. The ex-dividend date was Thursday, June 27th.

Institutional Investors Weigh In On Global X FinTech Thematic ETF

Several large investors have recently made changes to their positions in FINX. Beacon Pointe Advisors LLC bought a new position in shares of Global X FinTech Thematic ETF in the fourth quarter valued at approximately $210,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Global X FinTech Thematic ETF by 50.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 332,067 shares of the company’s stock valued at $8,491,000 after acquiring an additional 111,280 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Global X FinTech Thematic ETF in the fourth quarter valued at approximately $409,000. Phoenix Wealth Advisors boosted its holdings in shares of Global X FinTech Thematic ETF by 101.9% in the fourth quarter. Phoenix Wealth Advisors now owns 30,324 shares of the company’s stock valued at $752,000 after acquiring an additional 15,302 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Global X FinTech Thematic ETF by 757.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,825 shares of the company’s stock valued at $98,000 after acquiring an additional 3,379 shares in the last quarter.

Global X FinTech Thematic ETF Company Profile

The Global X FinTech ETF (FINX) is an exchange-traded fund that is based on the Indxx Global Fintech Thematic index, a market-cap-weighted index of companies in developed markets that derive significant revenues from providing financial technology products and services. FINX was launched on Sep 12, 2016 and is managed by Global X.