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

Global X FinTech Thematic ETF (NASDAQ:FINX) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 61,000 shares, an increase of 14.7% from the March 15th total of 53,200 shares. Based on an average trading volume of 108,100 shares, the days-to-cover ratio is presently 0.6 days.

Global X FinTech Thematic ETF Price Performance

Global X FinTech Thematic ETF stock traded down $0.19 during mid-day trading on Tuesday, reaching $25.21. 67,541 shares of the stock traded hands, compared to its average volume of 107,973. The stock has a market capitalization of $324.20 million, a PE ratio of 31.69 and a beta of 1.35. Global X FinTech Thematic ETF has a 12-month low of $18.17 and a 12-month high of $27.97. The business’s 50-day moving average is $26.40 and its 200-day moving average is $23.79.

Institutional Trading of Global X FinTech Thematic ETF

A number of hedge funds have recently bought and sold shares of FINX. Cetera Investment Advisers increased its position in Global X FinTech Thematic ETF by 9.9% in the first quarter. Cetera Investment Advisers now owns 14,941 shares of the company’s stock worth $478,000 after buying an additional 1,348 shares in the last quarter. Baird Financial Group Inc. increased its position in Global X FinTech Thematic ETF by 5.9% in the first quarter. Baird Financial Group Inc. now owns 13,221 shares of the company’s stock worth $423,000 after buying an additional 737 shares in the last quarter. Flow Traders U.S. LLC increased its position in Global X FinTech Thematic ETF by 104.6% in the first quarter. Flow Traders U.S. LLC now owns 24,722 shares of the company’s stock worth $792,000 after buying an additional 12,638 shares in the last quarter. Renaissance Technologies LLC increased its position in Global X FinTech Thematic ETF by 153.6% in the first quarter. Renaissance Technologies LLC now owns 39,800 shares of the company’s stock worth $1,274,000 after buying an additional 24,105 shares in the last quarter. Finally, Atria Wealth Solutions Inc. purchased a new stake in Global X FinTech Thematic ETF in the first quarter worth about $213,000.

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.