iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) Short Interest Up 119.5% in July

iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEOGet Free Report) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 27,690 shares, an increase of 119.5% from the June 30th total of 12,615 shares. Based on an average daily volume of 52,431 shares, the short-interest ratio is currently 0.5 days. Currently, 0.5% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of IEO. RMG Wealth Management LLC bought a new stake in shares of iShares U.S. Oil & Gas Exploration & Production ETF during the 1st quarter valued at about $35,000. Steph & Co. purchased a new position in shares of iShares U.S. Oil & Gas Exploration & Production ETF in the fourth quarter worth approximately $53,000. Sunbelt Securities Inc. boosted its holdings in shares of iShares U.S. Oil & Gas Exploration & Production ETF by 32.3% in the fourth quarter. Sunbelt Securities Inc. now owns 2,451 shares of the company’s stock worth $219,000 after buying an additional 599 shares during the last quarter. Janney Montgomery Scott LLC grew its position in iShares U.S. Oil & Gas Exploration & Production ETF by 2.9% during the first quarter. Janney Montgomery Scott LLC now owns 5,038 shares of the company’s stock valued at $629,000 after buying an additional 144 shares during the period. Finally, RiverFront Investment Group LLC grew its position in iShares U.S. Oil & Gas Exploration & Production ETF by 42.7% during the fourth quarter. RiverFront Investment Group LLC now owns 7,696 shares of the company’s stock valued at $687,000 after buying an additional 2,304 shares during the period.

iShares U.S. Oil & Gas Exploration & Production ETF Trading Down 2.5%

Shares of IEO opened at $121.33 on Tuesday. The firm has a market cap of $661.25 million, a PE ratio of 14.30 and a beta of 0.85. The firm has a fifty day simple moving average of $115.54 and a two-hundred day simple moving average of $112.08. iShares U.S. Oil & Gas Exploration & Production ETF has a 1-year low of $85.93 and a 1-year high of $130.50.

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iShares U.S. Oil & Gas Exploration & Production ETF Company Profile

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iShares U.S. Oil & Gas Exploration & Production ETF, formerly iShares Dow Jones U.S. Oil & Gas Exploration & Production Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Oil Exploration & Production Index (the Index). The Index measures the performance of the oil exploration and production sub-sector of the United States equity market, and includes companies that are engaged in the exploration for and extraction, production, refining, and supply of oil and gas products.

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