iShares North American Natural Resources ETF (BATS:IGE) Short Interest Up 131.6% in August

iShares North American Natural Resources ETF (BATS:IGE) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 371,817 shares, an increase of 131.6% from the August 15th total of 160,534 shares. Currently, 2.7% of the company’s shares are short sold. Based on an average daily trading volume, of 255,186 shares, the short-interest ratio is currently 1.5 days.

iShares North American Natural Resources ETF Stock Performance

Shares of IGE opened at $65.91 on Monday. The stock has a market capitalization of $899.67 million, a P/E ratio of 16.66 and a beta of 0.79. The firm’s fifty day simple moving average is $62.08 and its two-hundred day simple moving average is $61.16. iShares North American Natural Resources ETF has a 12 month low of $46.65 and a 12 month high of $67.33.

Institutional Trading of iShares North American Natural Resources ETF

Several hedge funds have recently modified their holdings of the stock. Quantitative Investment Management LLC acquired a new stake in iShares North American Natural Resources ETF in the second quarter worth $1,532,000. Arkadios Wealth Advisors acquired a new position in shares of iShares North American Natural Resources ETF during the first quarter valued at about $1,910,000. BNP Paribas Financial Markets raised its holdings in shares of iShares North American Natural Resources ETF by 101.0% during the fourth quarter. BNP Paribas Financial Markets now owns 100,500 shares of the company’s stock valued at $5,045,000 after purchasing an additional 50,500 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of iShares North American Natural Resources ETF by 50.1% during the third quarter. Ameriprise Financial Inc. now owns 14,752 shares of the company’s stock valued at $724,000 after purchasing an additional 4,927 shares during the period. Finally, NewEdge Advisors LLC boosted its position in shares of iShares North American Natural Resources ETF by 4.7% during the 4th quarter. NewEdge Advisors LLC now owns 4,823 shares of the company’s stock worth $242,000 after purchasing an additional 216 shares in the last quarter.

iShares North American Natural Resources ETF Company Profile

iShares North American Natural Resources ETF, formerly iShares S&P North American Natural Resources Sector Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of U.S.-traded natural resource-related stocks as represented by the S&P North American Natural Resources Sector Index (the Index). The Index has been developed as an equity benchmark for the United States-traded natural resource related stocks.