Global X FinTech Thematic ETF (NASDAQ:FINX) Short Interest Up 37.2% in September

Global X FinTech Thematic ETF (NASDAQ:FINX) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 19,900 shares, an increase of 37.2% from the August 31st total of 14,500 shares. Based on an average trading volume of 64,200 shares, the days-to-cover ratio is currently 0.3 days.

Global X FinTech Thematic ETF Stock Performance

Shares of NASDAQ FINX traded up $0.11 during midday trading on Friday, hitting $28.09. 55,433 shares of the company’s stock traded hands, compared to its average volume of 77,082. The firm has a fifty day moving average of $26.56 and a 200 day moving average of $26.12. Global X FinTech Thematic ETF has a 1 year low of $18.17 and a 1 year high of $28.37. The stock has a market capitalization of $309.83 million, a price-to-earnings ratio of 29.40 and a beta of 1.35.

Hedge Funds Weigh In On Global X FinTech Thematic ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Accretive Wealth Partners LLC purchased a new position in shares of Global X FinTech Thematic ETF during the 4th quarter worth $215,000. Cetera Advisors LLC bought a new stake in Global X FinTech Thematic ETF during the first quarter valued at about $326,000. Janney Montgomery Scott LLC bought a new stake in Global X FinTech Thematic ETF during the first quarter valued at about $342,000. PVG Asset Management Corp purchased a new stake in Global X FinTech Thematic ETF in the second quarter worth about $310,000. Finally, Pinnacle Financial Group LLC IL raised its stake in shares of Global X FinTech Thematic ETF by 6.3% in the fourth quarter. Pinnacle Financial Group LLC IL now owns 21,624 shares of the company’s stock worth $553,000 after buying an additional 1,291 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.