Shares of FXCM Inc (NYSE:FXCM) are trading down substantially this morning, following the big move Friday. On Friday, shares of FXCM rose 42% on strong volume despite the fact that the Dow had dropped some 367 points. Today, many investors may be taking a chuck of their gains off of the table as shares are down quite a bit. The stock, which had seen a steady drop throughout the year likely was undersold and over shorted, leading to the pop we saw last week. It will be interesting to watch FXCM Inc (NYSE:FXCM) shares trade over the course of this week to see if last week’s rise can be sustained.
The stock is down 8.85% or $1.1 this morning, hitting $11.33 per share. About 414,310 shares traded hands or 16.31% up from the average. FXCM has risen 763.19% since May 18, 2015 and is uptrending. It has outperformed the S&P500 by 765.46%.
The institutional sentiment decreased to 0.17 in Q2 2015. It’s down 0.32, from 0.49 in 2015Q2. The ratio dropped, as 24 funds sold all their FXCM Inc shares they owned while 22 reduced their positions. 1 funds bought stakes while 7 increased their total positions. Institutions now own 10.57 million shares which is 33.92% less than the previous share count of 16.00 million in 2015Q2.
Gagnon Securities Llc holds 0.07% of its total portfolio in FXCM Inc, equating to 168,518 shares. Municipal Employees' Retirement System Of Michigan owns 9,700 shares representing 0.01% of their total US portfolio. Moreover, Vanguard Group Inc has 0.01% of their total portfolio invested in the company, equating to 5.79 million shares. The New York-based American International Group Inc has a total of 0% of their portfolio invested in the stock. Bank Of America Corp De, a North Carolina-based fund reported 584,978 shares owned.
FXCM Inc. is an online provider of foreign exchange trading and related services. The company has a market cap of $66.20 million. The Firm offers access to over-the-counter (OTC) FX markets through its technology platform. It currently has negative earnings. In its agency model, when the Company’s customer executes a trade on the price quotation offered by its FX market makers, the Company acts as a credit intermediary simultaneously entering into offsetting trades with both the customer and the FX market maker.