iShares Global Financials ETF (NYSEARCA:IXG) Sees Large Growth in Short Interest

iShares Global Financials ETF (NYSEARCA:IXG) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 172,336 shares, a growth of 5,635.0% from the June 30th total of 3,005 shares. Based on an average daily trading volume, of 88,964 shares, the days-to-cover ratio is presently 1.9 days. Approximately 3.4% of the shares of the company are short sold.

iShares Global Financials ETF Stock Up 1.0%

iShares Global Financials ETF stock opened at $130.96 on Friday. The business’s 50-day moving average price is $125.36 and its 200 day moving average price is $121.35. The firm has a market cap of $667.90 million, a price-to-earnings ratio of 14.77 and a beta of 0.81. iShares Global Financials ETF has a 52 week low of $109.05 and a 52 week high of $131.82.

Institutional Trading of iShares Global Financials ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its position in shares of iShares Global Financials ETF by 9.6% in the third quarter. Bank of America Corp DE now owns 309,112 shares of the company’s stock worth $36,065,000 after acquiring an additional 27,062 shares during the period. HighTower Advisors LLC grew its position in shares of iShares Global Financials ETF by 1,074.0% during the 4th quarter. HighTower Advisors LLC now owns 106,705 shares of the company’s stock valued at $12,889,000 after acquiring an additional 97,616 shares during the period. Ameriprise Financial Inc. grew its position in shares of iShares Global Financials ETF by 26.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 81,175 shares of the company’s stock valued at $9,471,000 after acquiring an additional 16,789 shares during the period. Raymond James Financial Inc. increased its stake in shares of iShares Global Financials ETF by 543.9% in the 3rd quarter. Raymond James Financial Inc. now owns 69,261 shares of the company’s stock valued at $8,081,000 after purchasing an additional 58,504 shares in the last quarter. Finally, Susquehanna International Group LLP increased its stake in shares of iShares Global Financials ETF by 1,633.9% in the 3rd quarter. Susquehanna International Group LLP now owns 64,867 shares of the company’s stock valued at $7,568,000 after purchasing an additional 61,126 shares in the last quarter.

iShares Global Financials ETF Company Profile

Ishares S&P Global Financials Sector Index Fund, formerly iShares Global Financials ETF (the Fund), is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of companies that Standard & Poor’s deems part of the financial sector of the economy and important to global markets, as represented by the S&P Global 1200 Financials Sector Index (the Index). The Index is a subset of the Standard & Poor’s Global 1200 Index. The Index includes major banks, diversified financial companies, insurance companies, real estate companies, savings and loan associations, and securities brokers.