iShares North American Natural Resources ETF (BATS:IGE) Sees Large Growth in Short Interest

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

Institutional Investors Weigh In On iShares North American Natural Resources ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Janney Montgomery Scott LLC grew its stake in iShares North American Natural Resources ETF by 1.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 9,266 shares of the company’s stock valued at $583,000 after acquiring an additional 171 shares in the last quarter. Continuum Advisory LLC acquired a new stake in shares of iShares North American Natural Resources ETF during the second quarter worth approximately $53,000. Nalls Sherbakoff Group LLC purchased a new position in iShares North American Natural Resources ETF during the fourth quarter valued at approximately $53,000. Sunbelt Securities Inc. increased its stake in iShares North American Natural Resources ETF by 47.8% in the 1st quarter. Sunbelt Securities Inc. now owns 19,260 shares of the company’s stock valued at $1,212,000 after buying an additional 6,225 shares during the period. Finally, Arkadios Wealth Advisors purchased a new stake in iShares North American Natural Resources ETF in the 1st quarter worth approximately $1,910,000.

iShares North American Natural Resources ETF Stock Performance

iShares North American Natural Resources ETF stock opened at $65.75 on Wednesday. The firm has a market cap of $897.49 million, a price-to-earnings ratio of 16.66 and a beta of 0.79. iShares North American Natural Resources ETF has a 1 year low of $46.65 and a 1 year high of $67.33. The firm’s 50 day moving average price is $62.43 and its two-hundred day moving average price is $61.22.

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.