Short Interest in iShares Global Materials ETF (NYSEARCA:MXI) Rises By 1,013.9%

iShares Global Materials ETF (NYSEARCA:MXI) was the recipient of a large growth in short interest in January. As of January 30th, there was short interest totaling 117,938 shares, a growth of 1,013.9% from the January 15th total of 10,588 shares. Currently, 4.1% of the shares of the stock are short sold. Based on an average daily volume of 46,869 shares, the short-interest ratio is currently 2.5 days. Based on an average daily volume of 46,869 shares, the short-interest ratio is currently 2.5 days. Currently, 4.1% of the shares of the stock are short sold.

iShares Global Materials ETF Trading Up 1.1%

Shares of MXI stock traded up $1.20 during trading hours on Tuesday, hitting $112.33. 15,448 shares of the company’s stock were exchanged, compared to its average volume of 39,083. iShares Global Materials ETF has a 12-month low of $71.01 and a 12-month high of $112.42. The business’s 50 day simple moving average is $101.33 and its 200-day simple moving average is $94.18. The company has a market capitalization of $325.76 million, a PE ratio of 18.88 and a beta of 0.96.

Institutional Trading of iShares Global Materials ETF

A number of hedge funds have recently modified their holdings of MXI. Lodestone Wealth Management LLC purchased a new stake in shares of iShares Global Materials ETF during the 4th quarter valued at about $26,000. Farther Finance Advisors LLC bought a new stake in shares of iShares Global Materials ETF during the 3rd quarter valued at about $49,000. Northwestern Mutual Wealth Management Co. increased its position in shares of iShares Global Materials ETF by 45.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 663 shares of the company’s stock valued at $64,000 after purchasing an additional 206 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of iShares Global Materials ETF in the 4th quarter worth approximately $79,000. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of iShares Global Materials ETF by 82.4% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 821 shares of the company’s stock worth $70,000 after purchasing an additional 371 shares during the period.

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.