Global X FinTech Thematic ETF (NASDAQ:FINX – Get Free Report) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 61,000 shares, a growth of 14.7% from the March 15th total of 53,200 shares. Based on an average daily trading volume, of 108,100 shares, the days-to-cover ratio is presently 0.6 days.
Hedge Funds Weigh In On Global X FinTech Thematic ETF
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Comerica Bank purchased a new stake in Global X FinTech Thematic ETF during the third quarter worth approximately $27,000. Credit Suisse AG acquired a new position in Global X FinTech Thematic ETF during the second quarter worth approximately $42,000. Simplex Trading LLC acquired a new position in Global X FinTech Thematic ETF during the third quarter worth approximately $45,000. Oxford Financial Group Ltd. acquired a new position in Global X FinTech Thematic ETF during the fourth quarter worth approximately $64,000. Finally, Money Concepts Capital Corp acquired a new position in Global X FinTech Thematic ETF during the fourth quarter worth approximately $73,000.
Global X FinTech Thematic ETF Stock Performance
Shares of FINX traded down $0.19 during midday trading on Tuesday, hitting $25.21. The company had a trading volume of 67,541 shares, compared to its average volume of 107,973. The company’s 50-day simple moving average is $26.40 and its 200-day simple moving average is $23.79. The firm has a market capitalization of $324.20 million, a P/E ratio of 31.69 and a beta of 1.35. Global X FinTech Thematic ETF has a 1 year low of $18.17 and a 1 year high of $27.97.
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.
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