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

Global X FinTech Thematic ETF (NASDAQ:FINX) was the recipient 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 daily volume of 67,900 shares, the short-interest ratio is presently 2.5 days.

Hedge Funds Weigh In On Global X FinTech Thematic ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Janney Montgomery Scott LLC acquired a new position in shares of Global X FinTech Thematic ETF during the first quarter valued at $342,000. Cetera Advisors LLC acquired a new position in shares of Global X FinTech Thematic ETF during the first quarter valued at $326,000. PVG Asset Management Corp acquired a new position in shares of Global X FinTech Thematic ETF during the second quarter valued at $310,000. Eagle Strategies LLC acquired a new position in shares of Global X FinTech Thematic ETF during the second quarter valued at $1,439,000. Finally, Cetera Investment Advisers boosted its holdings in shares of Global X FinTech Thematic ETF by 94.8% during the second quarter. Cetera Investment Advisers now owns 48,481 shares of the company’s stock valued at $1,220,000 after acquiring an additional 23,596 shares during the period.

Global X FinTech Thematic ETF Stock Up 0.4 %

FINX stock traded up $0.12 during trading on Friday, hitting $32.23. 62,128 shares of the company’s stock traded hands, compared to its average volume of 76,859. Global X FinTech Thematic ETF has a 52 week low of $20.68 and a 52 week high of $33.31. The stock has a market capitalization of $310.05 million, a price-to-earnings ratio of 29.40 and a beta of 1.35. The stock has a fifty day moving average price of $28.93 and a two-hundred day moving average price of $26.86.

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.