Short Interest in Global X FinTech Thematic ETF (NASDAQ:FINX) Grows By 307.6%

Global X FinTech Thematic ETF (NASDAQ:FINX) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totalling 96,600 shares, an increase of 307.6% from the June 30th total of 23,700 shares. Based on an average trading volume of 51,600 shares, the short-interest ratio is presently 1.9 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pinnacle Financial Group LLC IL raised its position in shares of Global X FinTech Thematic ETF by 6.3% during the 4th quarter. Pinnacle Financial Group LLC IL now owns 21,624 shares of the company’s stock valued at $553,000 after purchasing an additional 1,291 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Global X FinTech Thematic ETF by 757.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,825 shares of the company’s stock valued at $98,000 after purchasing an additional 3,379 shares during the period. Phoenix Wealth Advisors raised its position in shares of Global X FinTech Thematic ETF by 16.8% during the 1st quarter. Phoenix Wealth Advisors now owns 35,433 shares of the company’s stock valued at $987,000 after purchasing an additional 5,109 shares during the period. UBS Group AG raised its position in shares of Global X FinTech Thematic ETF by 2.1% during the 4th quarter. UBS Group AG now owns 360,160 shares of the company’s stock valued at $9,209,000 after purchasing an additional 7,341 shares during the period. Finally, Mirador Capital Partners LP bought a new stake in shares of Global X FinTech Thematic ETF during the 4th quarter valued at $208,000.

Global X FinTech Thematic ETF Stock Down 0.8 %

Shares of NASDAQ:FINX traded down $0.20 during midday trading on Thursday, hitting $25.44. 23,351 shares of the stock traded hands, compared to its average volume of 80,022. Global X FinTech Thematic ETF has a one year low of $18.17 and a one year high of $27.97. The stock has a market capitalization of $283.15 million, a PE ratio of 29.40 and a beta of 1.35. The business’s 50 day moving average is $25.55 and its two-hundred day moving average is $25.66.

Global X FinTech Thematic ETF Dividend Announcement

The business also recently disclosed a Semi-Annual dividend, which was paid on Friday, July 5th. Investors of record on Thursday, June 27th were given a dividend of $0.0575 per share. The ex-dividend date was Thursday, June 27th.

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.