Short Interest in iShares U.S. Energy ETF (NYSEARCA:IYE) Expands By 45.4%

iShares U.S. Energy ETF (NYSEARCA:IYE) saw a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 1,034,033 shares, an increase of 45.4% from the February 26th total of 711,206 shares. Based on an average trading volume of 3,402,909 shares, the short-interest ratio is presently 0.3 days. Approximately 4.3% of the shares of the company are short sold.

iShares U.S. Energy ETF Stock Up 0.8%

Shares of NYSEARCA:IYE traded up $0.53 during trading on Monday, hitting $66.73. 306,218 shares of the company traded hands, compared to its average volume of 1,892,849. The business’s fifty day moving average is $57.86 and its 200-day moving average is $51.22. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 15.53 and a beta of 0.78. iShares U.S. Energy ETF has a one year low of $39.35 and a one year high of $67.07.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in IYE. Westfuller Advisors LLC bought a new stake in iShares U.S. Energy ETF in the third quarter valued at $28,000. Greykasell Wealth Strategies Inc. acquired a new stake in shares of iShares U.S. Energy ETF in the 4th quarter worth about $33,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of iShares U.S. Energy ETF in the 2nd quarter worth about $45,000. Capital Investment Advisory Services LLC lifted its position in iShares U.S. Energy ETF by 253.3% in the 3rd quarter. Capital Investment Advisory Services LLC now owns 954 shares of the company’s stock valued at $45,000 after purchasing an additional 684 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in iShares U.S. Energy ETF in the 2nd quarter valued at about $49,000. 52.46% of the stock is currently owned by institutional investors.

About iShares U.S. Energy ETF

iShares U.S. Energy ETF (the Fund), formerly iShares Dow Jones U.S. 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 Dow Jones U.S. Oil & Gas Index (the Index). The Index measures the performance of the oil and gas sector of the United States equity market, and includes companies in industry groups, such as oil and gas producers, and oil equipment, services and distribution. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.