Global X FinTech Thematic ETF (NASDAQ:FINX) Sees Large Growth in Short Interest

Global X FinTech Thematic ETF (NASDAQ:FINX) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 96,100 shares, an increase of 382.9% from the September 15th total of 19,900 shares. Based on an average daily volume of 63,500 shares, the short-interest ratio is presently 1.5 days.

Institutional Investors Weigh In On Global X FinTech Thematic ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Cetera Advisors LLC bought a new position in Global X FinTech Thematic ETF in the first quarter valued at about $326,000. Janney Montgomery Scott LLC acquired a new position in Global X FinTech Thematic ETF in the first quarter valued at approximately $342,000. PVG Asset Management Corp acquired a new position in shares of Global X FinTech Thematic ETF during the second quarter worth approximately $310,000. Dynamic Advisor Solutions LLC acquired a new position in shares of Global X FinTech Thematic ETF during the third quarter worth approximately $905,000. Finally, Phoenix Wealth Advisors grew its holdings in Global X FinTech Thematic ETF by 16.8% during the first quarter. Phoenix Wealth Advisors now owns 35,433 shares of the company’s stock worth $987,000 after buying an additional 5,109 shares in the last quarter.

Global X FinTech Thematic ETF Trading Up 2.0 %

Shares of Global X FinTech Thematic ETF stock traded up $0.56 during trading on Friday, reaching $28.71. The stock had a trading volume of 73,563 shares, compared to its average volume of 75,454. Global X FinTech Thematic ETF has a 52 week low of $18.17 and a 52 week high of $28.74. The stock has a fifty day moving average price of $26.89 and a two-hundred day moving average price of $26.18. The company has a market capitalization of $276.19 million, a price-to-earnings ratio of 29.40 and a beta of 1.35.

About Global X FinTech Thematic ETF

The Global X FinTech ETF (FINX) is an exchange-traded fund that is based on the Indxx Global Fintech Thematic index, a market-cap-weighted index of companies in developed markets that derive significant revenues from providing financial technology products and services. FINX was launched on Sep 12, 2016 and is managed by Global X.