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

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

Institutional Trading of iShares U.S. Energy ETF

Large investors have recently modified their holdings of the business. BNP Paribas Financial Markets raised its position in iShares U.S. Energy ETF by 936.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 217,548 shares of the company’s stock valued at $9,838,000 after purchasing an additional 196,559 shares during the last quarter. Banco Santander S.A. purchased a new position in shares of iShares U.S. Energy ETF during the second quarter valued at approximately $8,796,000. Thrivent Financial for Lutherans raised its holdings in shares of iShares U.S. Energy ETF by 126.1% during the second quarter. Thrivent Financial for Lutherans now owns 123,388 shares of the company’s stock valued at $5,580,000 after acquiring an additional 68,819 shares in the last quarter. Forte Asset Management LLC purchased a new stake in iShares U.S. Energy ETF in the second quarter worth $2,826,000. Finally, Wealthstar Advisors LLC bought a new stake in iShares U.S. Energy ETF in the fourth quarter valued at $2,543,000. 52.46% of the stock is owned by institutional investors.

iShares U.S. Energy ETF Stock Up 1.0%

Shares of iShares U.S. Energy ETF stock opened at $53.97 on Friday. The firm has a market cap of $1.30 billion, a PE ratio of 15.53 and a beta of 0.78. iShares U.S. Energy ETF has a 12-month low of $39.35 and a 12-month high of $54.65. The company’s fifty day simple moving average is $49.00 and its two-hundred day simple moving average is $47.54.

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.