Short Interest in iShares Global Materials ETF (NYSEARCA:MXI) Increases By 450.0%

iShares Global Materials ETF (NYSEARCA:MXI) was the target of a significant increase in short interest during the month of August. As of August 15th, there was short interest totaling 2,200 shares, anincreaseof450.0% from the July 31st total of 400 shares. Based on an average daily volume of 7,300 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 7,300 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On iShares Global Materials ETF

Several hedge funds have recently modified their holdings of MXI. Blair William & Co. IL acquired a new position in iShares Global Materials ETF during the first quarter valued at $25,000. Northwestern Mutual Wealth Management Co. raised its position in iShares Global Materials ETF by 40.2% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 457 shares of the company’s stock valued at $37,000 after buying an additional 131 shares during the period. Steward Partners Investment Advisory LLC raised its position in iShares Global Materials ETF by 82.4% during the second quarter. Steward Partners Investment Advisory LLC now owns 821 shares of the company’s stock valued at $70,000 after buying an additional 371 shares during the period. CX Institutional raised its position in iShares Global Materials ETF by 1,415.9% during the second quarter. CX Institutional now owns 955 shares of the company’s stock valued at $82,000 after buying an additional 892 shares during the period. Finally, Comerica Bank raised its position in iShares Global Materials ETF by 34.1% during the fourth quarter. Comerica Bank now owns 1,137 shares of the company’s stock valued at $88,000 after buying an additional 289 shares during the period.

iShares Global Materials ETF Stock Down 0.5%

Shares of NYSEARCA MXI opened at $89.64 on Wednesday. iShares Global Materials ETF has a 12 month low of $71.01 and a 12 month high of $94.38. The company has a market cap of $233.06 million, a price-to-earnings ratio of 18.88 and a beta of 1.01. The business has a fifty day simple moving average of $87.37 and a 200-day simple moving average of $84.30.

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).