iShares Global Tech ETF (NYSEARCA:IXN) Short Interest Update

iShares Global Tech ETF (NYSEARCA:IXN) was the recipient of a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 523,971 shares, a decline of 22.7% from the December 15th total of 678,001 shares. Currently, 0.8% of the company’s shares are short sold. Based on an average daily trading volume, of 152,280 shares, the short-interest ratio is currently 3.4 days. Based on an average daily trading volume, of 152,280 shares, the short-interest ratio is currently 3.4 days. Currently, 0.8% of the company’s shares are short sold.

iShares Global Tech ETF Price Performance

Shares of IXN stock opened at $107.34 on Tuesday. iShares Global Tech ETF has a 1-year low of $63.58 and a 1-year high of $112.78. The firm has a market cap of $6.77 billion, a PE ratio of 34.73 and a beta of 1.24. The company has a 50-day moving average of $105.28 and a two-hundred day moving average of $101.79.

Hedge Funds Weigh In On iShares Global Tech ETF

Large investors have recently made changes to their positions in the stock. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in iShares Global Tech ETF by 14,762.6% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 326,382 shares of the company’s stock valued at $30,138,000 after purchasing an additional 324,186 shares during the last quarter. Sava Penzisko Drushtvo A.D. Skopje purchased a new position in shares of iShares Global Tech ETF during the third quarter worth $31,504,000. Bank of America Corp DE boosted its position in shares of iShares Global Tech ETF by 8.7% during the second quarter. Bank of America Corp DE now owns 2,398,815 shares of the company’s stock worth $221,507,000 after buying an additional 191,600 shares during the period. Cambria Investment Management L.P. acquired a new stake in shares of iShares Global Tech ETF in the third quarter valued at $9,210,000. Finally, World Investment Advisors purchased a new stake in shares of iShares Global Tech ETF in the 2nd quarter valued at $7,773,000.

iShares Global Tech ETF Company Profile

iShares Global Tech ETF (the Fund), formerly iShares S&P Global Technology Sector Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Global 1200 Information Technology Sector Index (the Index). The Index measures the performance of companies that Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw-Hill Companies (S&P) deems to be part of the information technology sector of the economy.