Short Interest in iShares Global Comm Services ETF (NYSEARCA:IXP) Grows By 265.0%

iShares Global Comm Services ETF (NYSEARCA:IXP) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 28,708 shares, an increase of 265.0% from the June 15th total of 7,865 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average trading volume of 56,476 shares, the short-interest ratio is currently 0.5 days.

iShares Global Comm Services ETF Stock Up 0.5%

Shares of NYSEARCA:IXP traded up $0.53 during midday trading on Tuesday, hitting $118.11. 18,409 shares of the stock traded hands, compared to its average volume of 37,359. The stock has a market capitalization of $543.31 million, a PE ratio of 19.46 and a beta of 0.90. The business’s 50 day moving average is $119.68 and its two-hundred day moving average is $120.08. iShares Global Comm Services ETF has a one year low of $109.87 and a one year high of $126.92.

Institutional Investors Weigh In On iShares Global Comm Services ETF

Several institutional investors and hedge funds have recently bought and sold shares of IXP. Financial Management Professionals Inc. bought a new position in shares of iShares Global Comm Services ETF during the fourth quarter valued at approximately $2,254,000. HighTower Advisors LLC boosted its holdings in iShares Global Comm Services ETF by 9,233.6% in the fourth quarter. HighTower Advisors LLC now owns 153,911 shares of the company’s stock valued at $18,657,000 after acquiring an additional 152,262 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in iShares Global Comm Services ETF by 21,369.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 32,634 shares of the company’s stock valued at $3,884,000 after purchasing an additional 32,482 shares during the period. AE Wealth Management LLC increased its position in iShares Global Comm Services ETF by 10.6% during the 4th quarter. AE Wealth Management LLC now owns 50,177 shares of the company’s stock valued at $6,082,000 after purchasing an additional 4,806 shares during the period. Finally, Paragon Advisors LLC purchased a new position in iShares Global Comm Services ETF during the 4th quarter valued at $2,614,000.

iShares Global Comm Services ETF Company Profile

The iShares Global Comm Services ETF (IXP) is an exchange-traded fund that mostly invests in communication services equity. The fund tracks a market-cap-weighted index of global communication services companies, drawn from 1,200 global stocks selected by S&P. IXP was launched on Nov 12, 2001 and is managed by BlackRock.