Global X FinTech ETF (NASDAQ:FINX) Stock Price Down 4% – Here’s What Happened

Shares of Global X FinTech ETF (NASDAQ:FINX) traded down 4% during mid-day trading on Tuesday . The company traded as low as $23.41 and last traded at $23.51. Approximately 71,056 shares changed hands during mid-day trading, a decline of 40% from the average session volume of 117,685 shares. The stock had previously closed at $24.50.

Global X FinTech ETF Trading Down 4.0%

The firm has a market capitalization of $196.31 million, a PE ratio of 31.36 and a beta of 1.59. The firm’s fifty day moving average price is $25.47 and its 200 day moving average price is $29.69.

Global X FinTech ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Wednesday, January 7th. Investors of record on Tuesday, December 30th were given a dividend of $0.1706 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a yield of 115.0%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of FINX. Bank of America Corp DE raised its stake in shares of Global X FinTech ETF by 9.8% during the 3rd quarter. Bank of America Corp DE now owns 392,907 shares of the company’s stock worth $13,170,000 after purchasing an additional 35,231 shares in the last quarter. Scotia Capital Inc. grew its stake in shares of Global X FinTech ETF by 3.0% in the 3rd quarter. Scotia Capital Inc. now owns 156,456 shares of the company’s stock valued at $5,247,000 after buying an additional 4,497 shares in the last quarter. UBS Group AG increased its holdings in Global X FinTech ETF by 1.5% in the third quarter. UBS Group AG now owns 148,085 shares of the company’s stock worth $4,964,000 after buying an additional 2,239 shares during the last quarter. Ameriprise Financial Inc. raised its position in Global X FinTech ETF by 43.4% during the third quarter. Ameriprise Financial Inc. now owns 141,472 shares of the company’s stock valued at $4,741,000 after acquiring an additional 42,837 shares in the last quarter. Finally, Blue Sky Capital Consultants Group Inc. raised its position in Global X FinTech ETF by 1.7% during the fourth quarter. Blue Sky Capital Consultants Group Inc. now owns 140,036 shares of the company’s stock valued at $4,121,000 after acquiring an additional 2,372 shares in the last quarter.

Global X FinTech ETF Company Profile

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.