Global X FinTech Thematic ETF (NASDAQ:FINX) Short Interest Update

Global X FinTech Thematic ETF (NASDAQ:FINX) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 256,300 shares, a growth of 51.7% from the February 28th total of 169,000 shares. Based on an average trading volume of 73,700 shares, the days-to-cover ratio is presently 3.5 days. Currently, 2.6% of the company’s stock are sold short.

Institutional Investors Weigh In On Global X FinTech Thematic ETF

Several institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. acquired a new position in Global X FinTech Thematic ETF in the fourth quarter worth approximately $41,000. Legend Financial Advisors Inc. increased its stake in shares of Global X FinTech Thematic ETF by 36.1% during the 4th quarter. Legend Financial Advisors Inc. now owns 1,361 shares of the company’s stock worth $42,000 after purchasing an additional 361 shares during the last quarter. National Bank of Canada FI raised its holdings in shares of Global X FinTech Thematic ETF by 1,875.6% during the 4th quarter. National Bank of Canada FI now owns 1,778 shares of the company’s stock valued at $56,000 after purchasing an additional 1,688 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Global X FinTech Thematic ETF in the 4th quarter valued at $71,000. Finally, US Bancorp DE boosted its holdings in Global X FinTech Thematic ETF by 16.9% in the fourth quarter. US Bancorp DE now owns 2,473 shares of the company’s stock worth $77,000 after purchasing an additional 358 shares in the last quarter.

Global X FinTech Thematic ETF Price Performance

FINX traded down $0.87 during trading on Friday, reaching $27.69. 117,580 shares of the stock traded hands, compared to its average volume of 66,738. The stock’s 50-day simple moving average is $30.95 and its two-hundred day simple moving average is $30.84. Global X FinTech Thematic ETF has a fifty-two week low of $23.44 and a fifty-two week high of $34.43. The stock has a market cap of $278.28 million, a price-to-earnings ratio of 27.28 and a beta of 1.35.

About Global X FinTech Thematic ETF

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.