Short Interest in iShares Global Energy ETF (NYSEARCA:IXC) Drops By 41.8%

iShares Global Energy ETF (NYSEARCA:IXC) was the target of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 265,548 shares, a decrease of 41.8% from the April 30th total of 456,475 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 1,113,673 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Hsbc Holdings PLC purchased a new stake in iShares Global Energy ETF in the 1st quarter worth approximately $269,917,000. Fisher Asset Management LLC raised its holdings in shares of iShares Global Energy ETF by 8.3% during the fourth quarter. Fisher Asset Management LLC now owns 14,729,493 shares of the company’s stock valued at $617,608,000 after acquiring an additional 1,127,201 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in 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 worth $16,532,000 after acquiring an additional 385,735 shares during the period. Alliancebernstein L.P. purchased a new stake in iShares Global Energy ETF in the third quarter worth $7,510,000. Finally, Morningstar Investment Management LLC bought a new stake in iShares Global Energy ETF in the first quarter valued at $8,923,000.

iShares Global Energy ETF Trading Up 0.1%

Shares of IXC stock traded up $0.07 during mid-day trading on Thursday, reaching $55.51. The stock had a trading volume of 227,170 shares, compared to its average volume of 979,922. The firm has a market capitalization of $2.70 billion, a PE ratio of 13.85 and a beta of 0.34. The stock’s 50-day moving average price is $55.30 and its two-hundred day moving average price is $49.55. iShares Global Energy ETF has a 52-week low of $38.22 and a 52-week high of $59.18.

About iShares Global Energy ETF

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.