iShares Global Comm Services ETF (NYSEARCA:IXP) Sees Large Decrease in Short Interest

iShares Global Comm Services ETF (NYSEARCA:IXP) saw a significant decrease in short interest during the month of February. As of February 13th, there was short interest totaling 3,165 shares, a decrease of 75.0% from the January 29th total of 12,647 shares. Based on an average daily trading volume, of 36,441 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 36,441 shares, the short-interest ratio is currently 0.1 days.

iShares Global Comm Services ETF Stock Performance

NYSEARCA:IXP traded up $1.38 during trading hours on Friday, reaching $122.26. The stock had a trading volume of 10,560 shares, compared to its average volume of 54,163. iShares Global Comm Services ETF has a 52 week low of $86.38 and a 52 week high of $126.92. The company has a 50 day moving average price of $121.49 and a two-hundred day moving average price of $121.84. The stock has a market capitalization of $715.22 million, a PE ratio of 19.46 and a beta of 0.87.

Institutional Investors Weigh In On iShares Global Comm Services ETF

A number of hedge funds have recently bought and sold shares of IXP. Transcend Capital Advisors LLC grew its stake in shares of iShares Global Comm Services ETF by 3.8% in the 3rd quarter. Transcend Capital Advisors LLC now owns 2,584 shares of the company’s stock worth $319,000 after buying an additional 95 shares in the last quarter. Vivaldi Capital Management LP raised its position in shares of iShares Global Comm Services ETF by 4.6% during the 4th quarter. Vivaldi Capital Management LP now owns 2,233 shares of the company’s stock valued at $271,000 after buying an additional 98 shares in the last quarter. J.W. Cole Advisors Inc. lifted its holdings in shares of iShares Global Comm Services ETF by 4.6% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 2,625 shares of the company’s stock valued at $324,000 after acquiring an additional 115 shares during the last quarter. Sunbelt Securities Inc. grew its position in iShares Global Comm Services ETF by 5.9% in the fourth quarter. Sunbelt Securities Inc. now owns 2,400 shares of the company’s stock worth $291,000 after acquiring an additional 133 shares in the last quarter. Finally, SBI Securities Co. Ltd. grew its position in iShares Global Comm Services ETF by 19.7% in the second quarter. SBI Securities Co. Ltd. now owns 952 shares of the company’s stock worth $107,000 after acquiring an additional 157 shares in 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.