Short Interest in iShares Global Comm Services ETF (NYSEARCA:IXP) Declines By 48.8%

iShares Global Comm Services ETF (NYSEARCA:IXP) was the recipient of a significant drop in short interest in August. As of August 14th, there was short interest totaling 7,595 shares, a drop of 48.8% from the July 30th total of 14,824 shares. Based on an average daily volume of 15,531 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.2% of the company’s shares are sold short.

iShares Global Comm Services ETF Trading Down 0.9%

NYSEARCA:IXP opened at $116.57 on Tuesday. The stock’s 50-day moving average is $115.99 and its 200-day moving average is $118.77. iShares Global Comm Services ETF has a 1-year low of $110.89 and a 1-year high of $126.92. The stock has a market cap of $565.36 million, a P/E ratio of 19.46 and a beta of 0.90.

Institutional Investors Weigh In On iShares Global Comm Services ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Capital Square LLC acquired a new position in iShares Global Comm Services ETF in the 2nd quarter valued at approximately $224,000. CX Institutional raised its stake in shares of iShares Global Comm Services ETF by 3,090.2% during the second quarter. CX Institutional now owns 6,540 shares of the company’s stock valued at $738,000 after acquiring an additional 6,335 shares during the last quarter. One Charles Private Wealth Services LLC lifted its holdings in shares of iShares Global Comm Services ETF by 6.6% during the first quarter. One Charles Private Wealth Services LLC now owns 3,545 shares of the company’s stock worth $407,000 after purchasing an additional 219 shares during the period. Parallel Advisors LLC lifted its holdings in shares of iShares Global Comm Services ETF by 19.2% during the first quarter. Parallel Advisors LLC now owns 1,514 shares of the company’s stock worth $174,000 after purchasing an additional 244 shares during the period. Finally, Bessemer Group Inc. grew its stake in shares of iShares Global Comm Services ETF by 6.7% in the first quarter. Bessemer Group Inc. now owns 5,487 shares of the company’s stock worth $630,000 after purchasing an additional 345 shares during the last quarter.

About iShares Global Comm Services ETF

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.