Global X FinTech Thematic ETF (NASDAQ:FINX) Sees Significant Increase in Short Interest

Global X FinTech Thematic ETF (NASDAQ:FINX) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 386,200 shares, a growth of 515.0% from the August 15th total of 62,800 shares. Based on an average daily volume of 79,300 shares, the short-interest ratio is presently 4.9 days.

Global X FinTech Thematic ETF Stock Up 0.3 %

Shares of NASDAQ FINX traded up $0.07 during midday trading on Thursday, reaching $21.31. 6,992 shares of the company’s stock traded hands, compared to its average volume of 95,359. The company has a market cap of $380.17 million, a price-to-earnings ratio of 31.69 and a beta of 1.35. Global X FinTech Thematic ETF has a one year low of $18.35 and a one year high of $24.78. The stock’s 50 day simple moving average is $22.59 and its 200-day simple moving average is $21.45.

Global X FinTech Thematic ETF Increases Dividend

The business also recently announced a Semi-Annual dividend, which was paid on Monday, July 10th. Shareholders of record on Friday, June 30th were given a dividend of $0.051 per share. The ex-dividend date was Thursday, June 29th. This is a boost from Global X FinTech Thematic ETF’s previous Semi-Annual dividend of $0.00.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Bank Julius Baer & Co. Ltd Zurich boosted its position in Global X FinTech Thematic ETF by 98,059.0% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,061,339 shares of the company’s stock valued at $45,494,000 after purchasing an additional 2,059,239 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Global X FinTech Thematic ETF by 350.1% during the fourth quarter. Jane Street Group LLC now owns 1,665,211 shares of the company’s stock valued at $32,055,000 after buying an additional 1,295,216 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in shares of Global X FinTech Thematic ETF by 897.0% in the 2nd quarter. Osaic Holdings Inc. now owns 476,668 shares of the company’s stock valued at $10,681,000 after buying an additional 428,856 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Global X FinTech Thematic ETF by 129.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 395,135 shares of the company’s stock worth $8,227,000 after buying an additional 222,953 shares during the last quarter. Finally, Bank of America Corp DE grew its position in shares of Global X FinTech Thematic ETF by 1.4% in the 1st quarter. Bank of America Corp DE now owns 255,339 shares of the company’s stock worth $5,316,000 after buying an additional 3,492 shares during the last quarter.

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.