iShares Global Energy ETF (NYSEARCA:IXC) Sees Significant Growth in Short Interest

iShares Global Energy ETF (NYSEARCA:IXC) was the target of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 456,475 shares, an increase of 173.1% from the April 15th total of 167,144 shares. Based on an average daily volume of 1,363,167 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.9% of the company’s shares are short sold.

iShares Global Energy ETF Price Performance

iShares Global Energy ETF stock opened at $55.08 on Friday. The firm has a 50-day moving average of $54.88 and a two-hundred day moving average of $48.24. iShares Global Energy ETF has a 1 year low of $37.46 and a 1 year high of $59.18. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of 13.85 and a beta of 0.37.

Institutional Investors Weigh In On iShares Global Energy ETF

Hedge funds have recently modified their holdings of the business. Hsbc Holdings PLC purchased a new stake in iShares Global Energy ETF during the first quarter worth $269,917,000. Fisher Asset Management LLC increased its position in shares of iShares Global Energy ETF by 8.3% in the 4th quarter. Fisher Asset Management LLC now owns 14,729,493 shares of the company’s stock valued at $617,608,000 after acquiring an additional 1,127,201 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in iShares Global Energy ETF by 4,521.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 394,266 shares of the company’s stock worth $16,532,000 after acquiring an additional 385,735 shares during the last quarter. Alliancebernstein L.P. acquired a new stake in iShares Global Energy ETF during the 3rd quarter worth about $7,510,000. Finally, Morningstar Investment Management LLC acquired a new stake in iShares Global Energy ETF during the 1st quarter worth about $8,923,000.

About iShares Global Energy ETF

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.