iShares Global Energy ETF (NYSEARCA:IXC) Sees Significant Increase in Short Interest

iShares Global Energy ETF (NYSEARCA:IXC) was the recipient of a large growth in short interest in February. As of February 27th, there was short interest totaling 577,280 shares, a growth of 42.3% from the February 12th total of 405,547 shares. Based on an average trading volume of 1,335,262 shares, the short-interest ratio is presently 0.4 days. Approximately 1.3% of the company’s stock are sold short. Approximately 1.3% of the company’s stock are sold short. Based on an average trading volume of 1,335,262 shares, the short-interest ratio is presently 0.4 days.

iShares Global Energy ETF Stock Performance

Shares of NYSEARCA IXC traded up $0.26 during mid-day trading on Friday, hitting $54.03. 407,097 shares of the stock traded hands, compared to its average volume of 787,417. iShares Global Energy ETF has a 52 week low of $33.89 and a 52 week high of $54.27. The company has a market cap of $2.46 billion, a price-to-earnings ratio of 13.85 and a beta of 0.69. The stock has a fifty day moving average price of $48.27 and a 200-day moving average price of $44.11.

Institutional Trading of iShares Global Energy ETF

A number of hedge funds have recently modified their holdings of the business. Fisher Asset Management LLC boosted its holdings in shares of iShares Global Energy ETF by 14.9% during the 2nd quarter. Fisher Asset Management LLC now owns 12,533,974 shares of the company’s stock valued at $492,460,000 after purchasing an additional 1,624,618 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of iShares Global Energy ETF by 4,521.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 394,266 shares of the company’s stock valued at $16,532,000 after purchasing an additional 385,735 shares in the last quarter. Alliancebernstein L.P. bought a new stake in iShares Global Energy ETF in the third quarter worth $7,510,000. Beacon Pointe Advisors LLC purchased a new stake in iShares Global Energy ETF during the fourth quarter valued at $4,083,000. Finally, Northland Securities Inc. purchased a new stake in iShares Global Energy ETF during the fourth quarter valued at $3,113,000.

iShares Global Energy ETF Company Profile

iShares Global Energy ETF (the Fund), formerly iShares S&P Global Energy Sector Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Global Energy Sector Index (the Index). The Index is a subset of the S&P Global 1200 Index, and measures the performance of companies that S&P deems to be part of the energy sector of the economy. Component companies include oil equipment and services, oil exploration and production, and oil refinery, oil storage and transportation, and coal and uranium mining companies.