Short Interest in Global X FinTech Thematic ETF (NASDAQ:FINX) Expands By 382.9%

Global X FinTech Thematic ETF (NASDAQ:FINX) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 96,100 shares, an increase of 382.9% from the September 15th total of 19,900 shares. Based on an average trading volume of 63,500 shares, the days-to-cover ratio is presently 1.5 days.

Institutional Trading of Global X FinTech Thematic ETF

Hedge funds have recently made changes to their positions in the business. MONECO Advisors LLC bought a new position in Global X FinTech Thematic ETF during the fourth quarter valued at $1,947,000. Eagle Strategies LLC bought a new position in Global X FinTech Thematic ETF during the 2nd quarter valued at about $1,439,000. Dynamic Advisor Solutions LLC purchased a new stake in Global X FinTech Thematic ETF in the 3rd quarter worth about $905,000. Cetera Investment Advisers lifted its stake in Global X FinTech Thematic ETF by 94.8% in the second quarter. Cetera Investment Advisers now owns 48,481 shares of the company’s stock worth $1,220,000 after purchasing an additional 23,596 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in Global X FinTech Thematic ETF by 81.8% in the first quarter. Commonwealth Equity Services LLC now owns 42,526 shares of the company’s stock worth $1,185,000 after purchasing an additional 19,139 shares during the last quarter.

Global X FinTech Thematic ETF Stock Up 2.0 %

Global X FinTech Thematic ETF stock traded up $0.56 during mid-day trading on Friday, reaching $28.71. 73,563 shares of the company’s stock traded hands, compared to its average volume of 75,454. Global X FinTech Thematic ETF has a 12-month low of $18.17 and a 12-month high of $28.74. The company has a market cap of $276.19 million, a price-to-earnings ratio of 29.40 and a beta of 1.35. The stock has a 50 day moving average of $26.96 and a two-hundred day moving average of $26.19.

Global X FinTech Thematic 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.