iShares Global 100 ETF (NYSEARCA:IOO) Sees Large Decline in Short Interest

iShares Global 100 ETF (NYSEARCA:IOO) saw a large decline in short interest in July. As of July 15th, there was short interest totaling 548,491 shares, a decline of 50.7% from the June 30th total of 1,112,994 shares. Currently, 0.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 127,356 shares, the days-to-cover ratio is currently 4.3 days.

Institutional Investors Weigh In On iShares Global 100 ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. CWM LLC grew its stake in iShares Global 100 ETF by 7.1% during the fourth quarter. CWM LLC now owns 1,279 shares of the company’s stock valued at $162,000 after acquiring an additional 85 shares in the last quarter. Powell Investment Advisors LLC grew its holdings in iShares Global 100 ETF by 0.3% during the 1st quarter. Powell Investment Advisors LLC now owns 29,609 shares of the company’s stock valued at $3,582,000 after buying an additional 87 shares in the last quarter. Concurrent Investment Advisors LLC increased its stake in iShares Global 100 ETF by 1.7% in the 4th quarter. Concurrent Investment Advisors LLC now owns 5,461 shares of the company’s stock worth $692,000 after acquiring an additional 90 shares during the last quarter. KPP Advisory Services LLC raised its holdings in shares of iShares Global 100 ETF by 1.1% during the 1st quarter. KPP Advisory Services LLC now owns 8,846 shares of the company’s stock worth $1,070,000 after acquiring an additional 94 shares in the last quarter. Finally, Kingsview Wealth Management LLC grew its holdings in shares of iShares Global 100 ETF by 1.1% in the fourth quarter. Kingsview Wealth Management LLC now owns 10,071 shares of the company’s stock valued at $1,276,000 after purchasing an additional 114 shares in the last quarter.

iShares Global 100 ETF Price Performance

Shares of NYSEARCA IOO traded up $0.84 during mid-day trading on Tuesday, reaching $138.31. The company’s stock had a trading volume of 64,483 shares, compared to its average volume of 196,964. iShares Global 100 ETF has a 52 week low of $109.21 and a 52 week high of $144.78. The stock has a fifty day moving average of $138.95 and a two-hundred day moving average of $132.12. The firm has a market capitalization of $8.69 billion, a PE ratio of 24.21 and a beta of 0.96.

About iShares Global 100 ETF

iShares Global 100 ETF (the Fund), formerly iShares S&P Global 100 Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Global 100 Index (the Index). The Index is designed to measure the performance of 100 large-capitalization global companies. These companies are liquid and represent some of the multi-national businesses in the world. The Index is a subset of the S&P Global 1200 Index, and consists of 100 common stocks, screened for sector representation, liquidity and size.