iShares Global Energy ETF (NYSEARCA:IXC) Sees Large Increase in Short Interest

iShares Global Energy ETF (NYSEARCA:IXC) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 1,212,178 shares, an increase of 256.2% from the September 30th total of 340,336 shares. Currently, 2.3% of the company’s shares are sold short. Based on an average daily trading volume, of 621,118 shares, the short-interest ratio is currently 2.0 days.

iShares Global Energy ETF Trading Up 0.4%

IXC stock traded up $0.26 during trading on Wednesday, hitting $62.71. The company had a trading volume of 818,703 shares, compared to its average volume of 894,799. The stock has a market cap of $3.40 billion, a PE ratio of 13.85 and a beta of 0.40. The business has a 50-day moving average of $59.46 and a 200-day moving average of $54.34. iShares Global Energy ETF has a one year low of $40.55 and a one year high of $64.14.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Root Financial Partners LLC bought a new stake in shares of iShares Global Energy ETF in the 3rd quarter valued at $26,000. SYM FINANCIAL Corp acquired a new stake in shares of iShares Global Energy ETF during the third quarter worth $27,000. Barrett & Company Inc. bought a new position in iShares Global Energy ETF during the third quarter worth $31,000. Darwin Wealth Management LLC bought a new position in iShares Global Energy ETF during the first quarter worth $33,000. Finally, CX Institutional acquired a new position in iShares Global Energy ETF in the third quarter valued at $34,000.

iShares Global Energy ETF Company Profile

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.