iShares Global Financials ETF (NYSEARCA:IXG) Sees Large Decrease in Short Interest

iShares Global Financials ETF (NYSEARCA:IXG) saw a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 18,223 shares, a decline of 89.4% from the July 15th total of 172,336 shares. Based on an average trading volume of 63,702 shares, the short-interest ratio is currently 0.3 days. Currently, 0.4% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in IXG. NBC Securities Inc. boosted its stake in shares of iShares Global Financials ETF by 5.1% in the fourth quarter. NBC Securities Inc. now owns 1,764 shares of the company’s stock valued at $213,000 after buying an additional 86 shares during the period. MML Investors Services LLC increased its stake in iShares Global Financials ETF by 2.3% during the 4th quarter. MML Investors Services LLC now owns 4,733 shares of the company’s stock worth $572,000 after acquiring an additional 108 shares during the period. Integrated Wealth Concepts LLC increased its stake in iShares Global Financials ETF by 3.1% during the 4th quarter. Integrated Wealth Concepts LLC now owns 3,968 shares of the company’s stock worth $479,000 after acquiring an additional 120 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in iShares Global Financials ETF by 3.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,257 shares of the company’s stock valued at $514,000 after acquiring an additional 158 shares in the last quarter. Finally, KCM Investment Advisors LLC raised its holdings in iShares Global Financials ETF by 2.8% in the 4th quarter. KCM Investment Advisors LLC now owns 5,882 shares of the company’s stock valued at $710,000 after acquiring an additional 160 shares in the last quarter.

iShares Global Financials ETF Stock Performance

IXG traded up $0.60 during trading on Thursday, reaching $134.91. 364,483 shares of the company’s stock were exchanged, compared to its average volume of 45,620. The company’s fifty day moving average price is $128.71 and its 200-day moving average price is $122.52. The firm has a market capitalization of $688.04 million, a PE ratio of 14.77 and a beta of 0.80. iShares Global Financials ETF has a fifty-two week low of $109.99 and a fifty-two week high of $135.65.

About iShares Global Financials ETF

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.