Short Interest in iShares U.S. Energy ETF (NYSEARCA:IYE) Rises By 41.4%

iShares U.S. Energy ETF (NYSEARCA:IYE) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totaling 1,237,882 shares, a growth of 41.4% from the March 31st total of 875,378 shares. Approximately 4.3% of the shares of the company are sold short. Based on an average daily volume of 1,401,597 shares, the short-interest ratio is currently 0.9 days.

iShares U.S. Energy ETF Price Performance

Shares of NYSEARCA:IYE traded up $0.63 during midday trading on Thursday, hitting $63.21. The company had a trading volume of 813,136 shares, compared to its average volume of 1,808,739. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 15.53 and a beta of 0.52. iShares U.S. Energy ETF has a 12-month low of $42.41 and a 12-month high of $67.07. The company has a fifty day moving average of $61.04 and a two-hundred day moving average of $53.49.

Institutional Investors Weigh In On iShares U.S. Energy ETF

Several hedge funds and other institutional investors have recently modified their holdings of IYE. Jane Street Group LLC increased its stake in iShares U.S. Energy ETF by 49.4% in the 1st quarter. Jane Street Group LLC now owns 38,100 shares of the company’s stock worth $1,878,000 after buying an additional 12,606 shares in the last quarter. Cresset Asset Management LLC purchased a new stake in iShares U.S. Energy ETF in the 2nd quarter worth $281,000. Qube Research & Technologies Ltd purchased a new stake in iShares U.S. Energy ETF in the 2nd quarter worth $204,000. Vivaldi Capital Management LP purchased a new stake in iShares U.S. Energy ETF in the 2nd quarter worth $396,000. Finally, Quantinno Capital Management LP increased its stake in iShares U.S. Energy ETF by 15.1% in the 2nd quarter. Quantinno Capital Management LP now owns 35,103 shares of the company’s stock worth $1,587,000 after buying an additional 4,614 shares in the last quarter. 52.46% of the stock is currently owned by hedge funds and other 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.