Global X FinTech Thematic ETF (NASDAQ:FINX) Short Interest Up 43.5% in October

Global X FinTech Thematic ETF (NASDAQ:FINX) was the target of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 167,000 shares, a growth of 43.5% from the October 15th total of 116,400 shares. Based on an average trading volume of 67,900 shares, the short-interest ratio is currently 2.5 days.

Hedge Funds Weigh In On Global X FinTech Thematic ETF

Institutional investors have recently made changes to their positions in the stock. TRU Independence Asset Management 2 LLC purchased a new stake in shares of Global X FinTech Thematic ETF in the 3rd quarter valued at $301,000. Cetera Advisors LLC purchased a new stake in shares of Global X FinTech Thematic ETF in the 1st quarter valued at $326,000. MML Investors Services LLC boosted its stake in shares of Global X FinTech Thematic ETF by 15.5% in the 3rd quarter. MML Investors Services LLC now owns 12,263 shares of the company’s stock valued at $344,000 after purchasing an additional 1,648 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Global X FinTech Thematic ETF in the 1st quarter valued at $342,000. Finally, PVG Asset Management Corp purchased a new stake in shares of Global X FinTech Thematic ETF in the 2nd quarter valued at $310,000.

Global X FinTech Thematic ETF Trading Up 0.4 %

Shares of NASDAQ:FINX traded up $0.12 during trading on Friday, reaching $32.23. The company had a trading volume of 62,128 shares, compared to its average volume of 76,859. The company has a fifty day moving average of $28.93 and a two-hundred day moving average of $26.86. The stock has a market capitalization of $310.05 million, a P/E ratio of 29.40 and a beta of 1.35. Global X FinTech Thematic ETF has a 12 month low of $20.68 and a 12 month high of $33.31.

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.