iShares North American Natural Resources ETF (BATS:IGE) Short Interest Up 131.6% in August

iShares North American Natural Resources ETF (BATS:IGE) was the target of a significant growth in short interest in the month of 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 presently 1.5 days. Approximately 2.7% of the shares of the stock are sold short.

iShares North American Natural Resources ETF Trading Up 0.8%

IGE stock traded up $0.53 during mid-day trading on Tuesday, hitting $65.61. The stock had a trading volume of 150,858 shares, compared to its average volume of 254,445. The firm has a fifty day simple moving average of $62.25 and a 200 day simple moving average of $61.19. The firm has a market capitalization of $895.51 million, a P/E ratio of 16.66 and a beta of 0.79. iShares North American Natural Resources ETF has a 52 week low of $46.65 and a 52 week high of $67.33.

Institutional Investors Weigh In On iShares North American Natural Resources ETF

Large investors have recently modified their holdings of the business. Continuum Advisory LLC acquired a new stake in iShares North American Natural Resources ETF in the second quarter valued at about $53,000. Nalls Sherbakoff Group LLC acquired a new position in iShares North American Natural Resources ETF during the fourth quarter worth about $53,000. Janney Montgomery Scott LLC lifted its holdings in shares of 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 worth $583,000 after acquiring an additional 171 shares during the last quarter. Sunbelt Securities Inc. lifted its holdings in shares of iShares North American Natural Resources ETF by 47.8% in the first quarter. Sunbelt Securities Inc. now owns 19,260 shares of the company’s stock worth $1,212,000 after acquiring an additional 6,225 shares during the last quarter. Finally, Quantitative Investment Management LLC acquired a new stake in shares of iShares North American Natural Resources ETF in the 2nd quarter valued at approximately $1,532,000.

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.