iShares Global Comm Services ETF (NYSEARCA:IXP) Short Interest Update

iShares Global Comm Services ETF (NYSEARCA:IXP) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totaling 18,633 shares, an increase of 85.6% from the November 30th total of 10,041 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 38,400 shares, the short-interest ratio is currently 0.5 days. Based on an average daily trading volume, of 38,400 shares, the short-interest ratio is currently 0.5 days. Currently, 0.3% of the shares of the stock are sold short.

iShares Global Comm Services ETF Price Performance

Shares of iShares Global Comm Services ETF stock opened at $121.27 on Friday. The stock’s 50 day simple moving average is $122.33 and its 200-day simple moving average is $118.63. The stock has a market cap of $842.83 million, a P/E ratio of 19.46 and a beta of 0.87. iShares Global Comm Services ETF has a 1-year low of $86.38 and a 1-year high of $126.92.

Hedge Funds Weigh In On iShares Global Comm Services ETF

Several institutional investors have recently added to or reduced their stakes in the stock. Flow Traders U.S. LLC raised its stake in shares of iShares Global Comm Services ETF by 50.6% during the 2nd quarter. Flow Traders U.S. LLC now owns 41,874 shares of the company’s stock worth $4,703,000 after buying an additional 14,067 shares in the last quarter. PGIM Custom Harvest LLC lifted its stake in shares of iShares Global Comm Services ETF by 25.3% in the second quarter. PGIM Custom Harvest LLC now owns 399,185 shares of the company’s stock valued at $44,836,000 after purchasing an additional 80,560 shares during the period. Tiller Private Wealth Inc. boosted its holdings in iShares Global Comm Services ETF by 10.6% during the second quarter. Tiller Private Wealth Inc. now owns 2,825 shares of the company’s stock worth $318,000 after buying an additional 270 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in iShares Global Comm Services ETF during the second quarter worth about $270,000. Finally, Hsbc Holdings PLC purchased a new position in iShares Global Comm Services ETF in the second quarter valued at about $78,708,000.

iShares Global Comm Services ETF Company Profile

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.