iShares North American Natural Resources ETF (BATS:IGE) Short Interest Update

iShares North American Natural Resources ETF (BATS:IGE) was the recipient of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 160,534 shares, an increase of 48.8% from the July 30th total of 107,859 shares. Based on an average daily volume of 95,719 shares, the short-interest ratio is presently 1.7 days. Currently, 1.2% of the shares of the company are sold short.

iShares North American Natural Resources ETF Stock Performance

Shares of BATS IGE opened at $65.87 on Tuesday. The company’s fifty day moving average price is $60.36 and its 200 day moving average price is $60.80. iShares North American Natural Resources ETF has a 1 year low of $46.65 and a 1 year high of $66.71. The company has a market capitalization of $899.13 million, a PE ratio of 16.66 and a beta of 0.79.

Institutional Investors Weigh In On iShares North American Natural Resources ETF

Several hedge funds have recently modified their holdings of IGE. Continuum Advisory LLC purchased a new position in shares of iShares North American Natural Resources ETF in the 2nd quarter valued at about $53,000. Quantitative Investment Management LLC acquired a new position in iShares North American Natural Resources ETF in the 2nd quarter worth about $1,532,000. Arkadios Wealth Advisors purchased a new position in iShares North American Natural Resources ETF during the first quarter worth approximately $1,910,000. Sunbelt Securities Inc. boosted its position in iShares North American Natural Resources ETF by 47.8% during the first quarter. Sunbelt Securities Inc. now owns 19,260 shares of the company’s stock worth $1,212,000 after purchasing an additional 6,225 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in iShares North American Natural Resources ETF by 1.9% in the first quarter. Janney Montgomery Scott LLC now owns 9,266 shares of the company’s stock valued at $583,000 after purchasing an additional 171 shares during the period.

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.