Global X FinTech ETF (NASDAQ:FINX) Short interest up 552.5% in January

Global X FinTech ETF (NASDAQ:FINX – Get Rating ) saw significant growth in short interest during the month of January. As of January 31, there was short interest on a total of 643,400 shares, a growth of 552.5% from a total of 98,600 shares on January 15. Based on an average daily volume of 176,500 shares, the short interest ratio is currently 3.6 days.

Hedge funds weigh in on Global X FinTech ETF

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Several hedge funds have recently added to or reduced their stakes in FINX. Cetera Investment Advisers raised its stake in Global X FinTech ETF by 9.9% in the first quarter. Cetera Investment Advisers now owns 14,941 shares of the company’s stock valued at $478,000 after purchasing an additional 1,348 shares during the last quarter. Baird Financial Group Inc. raised its stake in Global X FinTech ETF by 5.9% in the first quarter. Baird Financial Group Inc. now owns 13,221 shares of the company’s stock valued at $423,000 after buying an additional 737 shares during the last quarter. Flow Traders US LLC raised its stake in Global X FinTech ETF by 104.6% in the first quarter. Flow Traders US LLC now owns 24,722 shares of the company’s stock valued at $792,000 after buying an additional 12,638 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Global X FinTech ETF by 153.6% in the first quarter. Renaissance Technologies LLC now owns 39,800 shares of the company’s stock valued at $1,274,000 after purchasing an additional 24,105 shares during the period. Finally, Atria Wealth Solutions Inc. purchased a new stake in Global X FinTech ETF in the first quarter valued at approximately $213,000.

Global X FinTech ETF stock performance

Global X FinTech ETF stock traded down $0.04 during mid-day trading on Friday, reaching $21.80. The company had a trading volume of 81,437 shares, compared to an average volume of 137,823. Global X FinTech ETF has a 1 year low of $18.35 and a 1 year high of $34.19. The company has a fifty day moving average of $20.48 and a 200 day moving average of $21.67.

Global X FinTech ETF cuts dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, January 9th. Shareholders of record on Friday 30 December was paid a dividend of $0.001. The ex-dividend date for this dividend was Thursday, December 29.

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