iShares Global Materials ETF (NYSEARCA:MXI) Sees Significant Growth in Short Interest

iShares Global Materials ETF (NYSEARCA:MXI) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 39,487 shares, an increase of 80.7% from the July 15th total of 21,853 shares. Approximately 1.2% of the company’s stock are sold short. Based on an average daily volume of 13,246 shares, the short-interest ratio is currently 3.0 days.

Institutional Trading of iShares Global Materials ETF

A number of institutional investors and hedge funds have recently modified their holdings of MXI. Climber Capital SA bought a new position in iShares Global Materials ETF during the fourth quarter valued at approximately $543,000. Palladiem LLC bought a new stake in iShares Global Materials ETF in the 4th quarter worth approximately $2,246,000. Ameritas Advisory Services LLC raised its stake in iShares Global Materials ETF by 1,782.1% during the 4th quarter. Ameritas Advisory Services LLC now owns 5,364 shares of the company’s stock valued at $518,000 after buying an additional 5,079 shares during the last quarter. Western Wealth Management LLC purchased a new stake in iShares Global Materials ETF during the 1st quarter valued at $28,000. Finally, J. Safra Sarasin Holding AG lifted its holdings in shares of iShares Global Materials ETF by 5.6% during the 1st quarter. J. Safra Sarasin Holding AG now owns 14,252 shares of the company’s stock valued at $1,514,000 after buying an additional 750 shares during the period.

iShares Global Materials ETF Stock Up 0.1%

Shares of NYSEARCA MXI traded up $0.09 on Friday, reaching $111.30. 8,234 shares of the company’s stock traded hands, compared to its average volume of 31,168. The business’s 50 day simple moving average is $107.90 and its two-hundred day simple moving average is $109.17. iShares Global Materials ETF has a 12 month low of $87.82 and a 12 month high of $116.61. The company has a market cap of $356.16 million, a price-to-earnings ratio of 18.88 and a beta of 0.88.

iShares Global Materials ETF Company Profile

iShares Global Materials ETF, formerly iShares S&P Global Materials Sector Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P Global Materials Sector Index (the Index). The Index is a subset of the S&P Global 1200 Index and measures the performance of companies that S&P deems to be part of the materials sector of the economy. Component companies include those companies engaged in a wide variety of commodity-related manufacturing and mining activities.