Short Interest in iShares U.S. Energy ETF (NYSEARCA:IYE) Grows By 42.4%

iShares U.S. Energy ETF (NYSEARCA:IYE) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 798,988 shares, an increase of 42.4% from the December 31st total of 561,186 shares. Based on an average daily volume of 2,145,768 shares, the short-interest ratio is presently 0.4 days. Approximately 3.3% of the company’s shares are sold short. Approximately 3.3% of the company’s shares are sold short. Based on an average daily volume of 2,145,768 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Westfuller Advisors LLC bought a new position in shares of iShares U.S. Energy ETF in the 3rd quarter worth approximately $28,000. Capital Investment Advisory Services LLC grew its stake in iShares U.S. Energy ETF by 253.3% in the third quarter. Capital Investment Advisory Services LLC now owns 954 shares of the company’s stock worth $45,000 after purchasing an additional 684 shares during the period. Twin Peaks Wealth Advisors LLC bought a new position in iShares U.S. Energy ETF in the second quarter worth $45,000. Headlands Technologies LLC purchased a new position in iShares U.S. Energy ETF during the second quarter valued at $49,000. Finally, Triumph Capital Management bought a new stake in shares of iShares U.S. Energy ETF during the 3rd quarter valued at $58,000. Hedge funds and other institutional investors own 52.46% of the company’s stock.

iShares U.S. Energy ETF Trading Up 1.0%

Shares of IYE opened at $53.97 on Friday. iShares U.S. Energy ETF has a 1-year low of $39.35 and a 1-year high of $54.65. The firm’s 50-day moving average price is $49.00 and its 200-day moving average price is $47.54. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 15.53 and a beta of 0.78.

iShares U.S. Energy ETF Company Profile

iShares U.S. Energy ETF (the Fund), formerly iShares Dow Jones U.S. 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 Dow Jones U.S. Oil & Gas Index (the Index). The Index measures the performance of the oil and gas sector of the United States equity market, and includes companies in industry groups, such as oil and gas producers, and oil equipment, services and distribution. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.