The Global X FinTech ETF (NASDAQ:FINX) is seeing a significant decline in short interest
The Global X FinTech ETF (NASDAQ:FINX – Get Rating ) was the recipient of a large decline in short interest in the month of August. As of August 15, there was short interest on a total of 299,000 shares, a decrease of 79.4% from a total of 1,450,000 shares on July 31. Based on an average trading volume of 248,500 shares, the short interest ratio is currently 1.2 days.
Institutional trading of the Global X FinTech ETF
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC lifted its holdings in Global X FinTech ETF by 42.1% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,350 shares of the company’s stock worth $29,000 after purchasing an additional 400 shares during the last quarter. Signaturefd LLC purchased a new position in Global X FinTech ETF in the first quarter worth approximately $32,000. Allworth Financial LP bought a new position in Global X FinTech ETF in the 1st quarter worth about $37,000. Tradition Wealth Management LLC raised its stake in Global X FinTech ETF by 1,600.0% in the 1st quarter. Tradition Wealth Management LLC now owns 1,275 shares of the company’s stock worth $41,000 after buying an additional 1,200 shares during the period. Finally, Credit Suisse AG purchased a new position in Global X FinTech ETF in the 2nd quarter worth approximately $42,000.
Global X FinTech ETF stock performance
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NASDAQ FINX traded up $0.31 on Thursday, reaching $24.94. 90,399 shares of the company’s stock were exchanged, compared to its average volume of 318,481. The firm’s 50-day moving average price is $23.68 and its two-hundred-day moving average price is $26.73. Global X FinTech ETF has a fifty-two week low of $20.68 and a fifty-two week high of $53.07.
Global X FinTech ETF cuts dividend
The firm also recently declared a semi-annual dividend, which was paid on Friday the 8th. July. Shareholders of record on Thursday, June 30th were paid a dividend of $0.051 per share. The ex-dividend date for this dividend was Wednesday, June 29.
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