Global X FinTech Thematic ETF (NASDAQ:FINX) Sees Significant Growth in Short Interest

Global X FinTech Thematic ETF (NASDAQ:FINX) saw a large 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 currently 3.5 days. Currently, 2.6% of the shares of the stock are short sold.

Global X FinTech Thematic ETF Price Performance

Shares of FINX traded up $0.38 during mid-day trading on Tuesday, hitting $27.94. The company’s stock had a trading volume of 17,516 shares, compared to its average volume of 75,954. The firm has a 50-day moving average price of $30.86 and a 200 day moving average price of $30.87. 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 capitalization of $280.84 million, a price-to-earnings ratio of 27.28 and a beta of 1.35.

Institutional Inflows and Outflows

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