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 significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 167,000 shares, an increase 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.

Global X FinTech Thematic ETF Stock Up 0.4 %

Shares of FINX traded up $0.12 during trading on Friday, reaching $32.23. 62,128 shares of the company traded hands, compared to its average volume of 76,859. Global X FinTech Thematic ETF has a twelve month low of $20.68 and a twelve month high of $33.31. The stock has a market cap of $310.05 million, a PE ratio of 29.40 and a beta of 1.35. The stock has a 50-day simple moving average of $28.93 and a 200-day simple moving average of $26.86.

Institutional Investors Weigh In On Global X FinTech Thematic ETF

A number of institutional investors have recently made changes to their positions in the stock. TRU Independence Asset Management 2 LLC purchased a new position in shares of Global X FinTech Thematic ETF in the third quarter valued at approximately $301,000. PVG Asset Management Corp purchased a new position in shares of Global X FinTech Thematic ETF in the second quarter valued at approximately $310,000. Cetera Advisors LLC purchased a new position in shares of Global X FinTech Thematic ETF in the first quarter valued at approximately $326,000. Janney Montgomery Scott LLC purchased a new position in shares of Global X FinTech Thematic ETF in the first quarter valued at approximately $342,000. Finally, MML Investors Services LLC boosted its stake in shares of Global X FinTech Thematic ETF by 15.5% in the third 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 during the period.

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.