Short Interest in Global X FinTech Thematic ETF (NASDAQ:FINX) Expands By 43.5%

Global X FinTech Thematic ETF (NASDAQ:FINX) was the target of a significant 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 days-to-cover ratio is presently 2.5 days.

Hedge Funds Weigh In On Global X FinTech Thematic ETF

Several large investors have recently made changes to their positions in the company. MML Investors Services LLC lifted its stake in shares of Global X FinTech Thematic ETF by 15.5% during the third quarter. MML Investors Services LLC now owns 12,263 shares of the company’s stock valued at $344,000 after acquiring an additional 1,648 shares during the period. Creative Financial Designs Inc. ADV lifted its stake in shares of Global X FinTech Thematic ETF by 22.6% during the third quarter. Creative Financial Designs Inc. ADV now owns 17,581 shares of the company’s stock valued at $493,000 after acquiring an additional 3,236 shares during the period. TRU Independence Asset Management 2 LLC acquired a new position in shares of Global X FinTech Thematic ETF during the third quarter valued at $301,000. Cetera Advisors LLC acquired a new position in shares of Global X FinTech Thematic ETF during the first quarter valued at $326,000. Finally, Janney Montgomery Scott LLC bought a new stake in Global X FinTech Thematic ETF in the first quarter valued at about $342,000.

Global X FinTech Thematic ETF Trading Up 0.4 %

Shares of FINX traded up $0.12 during trading hours on Friday, hitting $32.23. 62,128 shares of the stock traded hands, compared to its average volume of 76,859. Global X FinTech Thematic ETF has a 1-year low of $20.68 and a 1-year high of $33.31. The firm has a market capitalization of $310.05 million, a PE ratio of 29.40 and a beta of 1.35. The business has a fifty day moving average of $28.93 and a 200-day moving average of $26.86.

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.